Green expenditures and reporting
In selecting green budget items, the Federal government is guided by established international market standards, such as the United Nations Sustainable Development Goals (UN SDGs) and the Green Bond Principles of the International Capital Market Association (ICMA).
Reporting on green expenditures in the Federal budget is done through Green Bond Allocation Reports. In these reports, expenses recognized as "green" in the previous budget year are allocated to green securities in the current issuance year. At least one additional year later, the Impact Reports provide information on the environmental and climate impacts of these green expenditures. The first Impact Report for 2020 green emissions was published in September 2022.
Video: Green Expenditures in the Federal Budget
(English language, film duration 8:24 minutes)