2021-22 Supplementary Tables
Departmental Sustainable Development Strategy
1. CONTEXT FOR THE DEPARTMENTAL SUSTAINABLE DEVELOPMENT STRATEGY
Invest in Canada is bound by the Federal Sustainable Development Act and, as such, will actively participate in the development of next Federal Sustainable Development Strategy (FSDS). These efforts will culminate in the development of a departmental sustainable development strategy (DSDS) in 2023.
Invest in Canada already adheres the principles of the existing FSDS and commits to the 2030 sustainable agenda through the following initiatives:
The Policy on Green Procurement supports the Government of Canada’s effort to promote environmental stewardship. In keeping with the objectives of the policy, Invest in Canada supports sustainable development by integrating environmental performance considerations into the procurement decision‑making process through the actions described in the “FSDS goal: low-carbon government” table in section 2, below.
By targeting and attracting Foreign Direct Investment (FDI) in the clean technologies, as one of its seven main industries, Invest in Canada is actively participating in the transition of the Canadian economy toward a clean and sustainable growth, Invest in Canada also proactively promotes measures to advance clean technology and clean growth put forward by the government of Canada through its advertising and marketing campaigns. These commitments reflect Invest in Canada’s support to the actions described in the “FSDS goal: clean growth” table in section 2, below.
2. COMMITMENTS FOR INVEST IN CANADA
|FSDS goal: low-carbon government|
|FSDS targets||FSDS Contributing Actions||Corresponding departmental actions||Starting points where available and performance indicators for departmental actions||Programs where the departmental actions will occur|
|Actions supporting the Greening Government goal and the Policy on Green Procurement||Departments will use environmental criteria to reduce the environmental impact and ensure best value in government procurement decisions||Ensure key officials include contribution to and support for the Policy on Green Procurement objectives in their performance evaluations||
Starting point (baseline): 0/2
Target: 100% by March 31, 2022.
Performance indicator: Percentage of managers and functional heads of procurement and materiel whose performance evaluation includes support and contribution toward green procurement, in fiscal year 2021–22.
|Support for green procurement will be strengthened, including guidance, tools and training for public service employees||Ensure that decision makers, and material management and procurement specialists have the necessary training and awareness to support green procurement.||
Starting Point (baseline): 0/2
Target: 100% rate, by end of fiscal year 2021-22.
Performance Indicator: Percentage of specialists in procurement and materiel management who have completed training on green procurement.
|FSDS goal: clean growth|
|FSDS targets||FSDS Contributing Action||Corresponding departmental actions||Starting points where available and performance indicators for departmental actions||Programs where the departmental actions will occur|
|Support the development, demonstration, commercialization, deployment, adoption and export of technologies that reduce environmental impacts.||Invest in clean technologies||Proactively target, promote and attract foreign direct investment in the clean technologies industry.||
As a new departmental corporation, performance indicators will be established at a later date
|Investor Services and Marketing|
3. INTEGRATING SUSTAINABLE DEVELOPMENT
In compliance with the FSDS, Invest in Canada will consider potential environmental impacts as it develops its plans, policies and procedures, and communications.
As a newly established departmental corporation, IIC continues to explore opportunities to enhance its leadership, capacity, training and necessary tools for the implementation of Gender-Based Analysis Plus (GBA+) throughout the organization.
To help ensure GBA is integrated into decision-making, composition of the Board of Directors will aim for gender equality (50/50). In the recruitment of talent, Invest in Canada aims to capitalize on the gender, ethnic, and the age diversity that Canada has to offer.
- Human Resources
- No FTEs will be fully dedicated to GBA implementation due to the size of the corporation (67 employees).
- Planned Initiatives
Monitoring and reporting on GBA will be the responsibility of the leadership team and considered in the development and implementation of services. Performance indicators will be established and reported on regularly to the Board of Directors.
Invest in Canada plans to work with non-traditional partners in Canada, where opportunities exist, to leverage investment from abroad. For example, unique investment opportunities and interests may lie with Canada’s indigenous communities to stimulate development and economic growth through foreign direct investment.
IIC will also develop research to identify linkages between FDI and gender diversity and advancement. In this research, the organization will carry out an in-depth analysis of equity and progression trajectories for women and other equity-seeking groups in Canada as compared to those groups working in foreign-owned companies in Canada’s technology sector. This research will help the organization better understand the impact of investments on the diverse populations or different types of businesses so that the organization can better work with investors to improve gender parity or diversity goals, while positioning Canada as a top of mind investment destination.
Planned Evaluation Coverage, 2021-22 to 2025-26
|Program||Last evaluation||Evaluations planned in the next 5 years||Timing of planned evaluation||2021-22 Program Spending||2021-22 Program spending covered by all planned evaluations|
|Investor Services, Marketing and Data Partnerships and Pan-Canadian Collaboration||Never evaluated||Thematic Evaluation||2025-26||$27,400,000||100%|
Internal Audit Coverage 2021-22 to 2025-26
|Function||Last internal audit||Internal audit planned in the next 5 years||Fiscal year of internal audit|
*Subject to change, dependant on operational need