New Transition Index
The new Transition Index provides an overview of businesses’ commitment to climate action. The average Transition Index for 2023 is 32.4, which means that Quebec businesses are implementing less than a third of the desirable climate actions in their operations, value chains, organizational culture, and to adapt to climate change.
Our 2023 recommendations
1. PROMOTE AND STRENGTHEN THE STRATEGIC ROLE OF MANAGERS AND BOARDS OF DIRECTORS
Managers' commitment is directly linked to the implementation of climate actions and all aspects of alignment with a transition pathway.
Knowledge of the company's significant sources of GHG emissions, even if it's just a life-cycle analysis, is directly linked to the implementation of climate actions.
2. ENHANCE THE ROLE OF EMPLOYEES AND HELP COMPANIES RELY ON IN-HOUSE OR EXTERNAL EXPERTISE
Ideas from employees and managers = triggers for action.
Companies implementing climate actions have at least 1 full-time member of staff and/or an external advisory committee.
3. INCREASE CLIMATE LITERACY
4. ESTABLISH STANDARDS AND A CLEAR AND PREDICTABLE LEGAL FRAMEWORK FOR SUSTAINABLE AND RESPONSIBLE MARKETING AND COMMUNICATIONS
Customers are the main source of pressure + corporate image/reputation is the main benefit
80% of managers are unable to explain greenwashing in their own words.
A better framework for sustainable and responsible marketing and communications will help increase climate literacy, reduce the risk of unintentional greenwashing, and enable customers to act in line with their evolving values and interests!
5. PROMOTE THE IMPORTANCE OF RESILIENCE AND ADAPTATION TO CLIMATE CHANGE
How to read the mappingThe mapping designed by the Québec Net Positive team highlights the growth sectors and the main existing and emerging levers within the low-carbon economy in Quebec. This overview is intended to help develop a common vision of the dynamics of the transition within the Quebec economy and to facilitate the identification and implementation of synergies. The legend allows you to quickly identify the different elements of the mapping: CURRENT DIRECTIONAL TRENDS The gray boxes at the top of the growth sectors and the levers summarize the main directional trend of the transition pathway that seems to be emerging for that specific economic sector or lever These trends in transition pathways are identified from academic research, industry association publications, government goals, or other credible sources STANDARDS & PERFORMANCE INDICATORS The light-colored boxes closest to the grey boxes present standards and measurement indicators - most of them specific to Quebec - for each of the key sectors and levers of the transition. In particular, the map lists the main barometers that allow us to observe the evolution of various aspects of the transition to a low-carbon economy in Quebec. GROWTH SECTORS The growth sectors presented at the top of the map provide an overview of the sectors that are best positioned to seize new business opportunities from the transition to a low-carbon economy and prosper during the transition. The energy sector is positioned at the heart of the growth sectors, thanks in part to the fact that Quebec is one of the only jurisdictions in the world to produce electricity that is close to 100% renewable, an asset that companies in all sectors can capitalize on to accelerate their transition. LEVERS & TRANSITION SIGNALS At the bottom of the map are the main sectors that play the role of key levers and from which pressure as well as financial and human resources emerge to help accelerate the transition businesses across all economic sectors. The Finance sector is positioned at the heart of the levers because Quebec is committed to becoming a world-class financial center in sustainable finance and play a leading role at the heart of the transition. Québec Net Positive is also one of the founding members of the Climate+Positive Investment Alliance (C+PIA) that is calling on investors to go beyond Net Zero to Net Climate Positive as quickly as possible to truly solve climate change and align with the latest science.
About the MappingThe mapping of the low-carbon economy in Quebec is a visual representation that aims to: Highlight the growth sectors and the main existing and emerging levers on which Quebec can rely to create wealth and sustainable jobs, while accelerating its transition to a low-carbon, more just, prosperous and resilient economy. Equip key stakeholders with an actionable tool to simplify the identification of challenges and drivers for the transition and facilitate stakeholders engagement. Foster the integration of the transition perspective into business, investment, infrastructure and economic development strategies. The mapping is based on a database and qualitative information compiled by the Québec Net Positive team. It is presented in the form of an interactive .PDF document giving access to a glossary of key terms, available in French and English, to help foster a constructive dialogue around a common language of the transition.
October 2022: Overview of major updatesIn order to reflect the transition to a low-carbon economy within the Quebec economy, the October 2022 update includes additions or improvements to 194 boxes in the map, including: For the first time, we have been able to identify directional trends for transition pathways that are emerging for each of the growth sectors and levers In this update, we have added a number of barometers and measurement indicators specific to Quebec, related to certain growth sectors and levers, which allow us to measure the state of transition in Quebec from different angles, as well as local, national and international reference frameworks that have an influence on the transition pathways of Quebec businesses The notion of "governance" has been added to the talent lever, in order to represent the acceleration of the mobilization of a large number of stakeholders, sectoral associations and business groups towards the integration of ESG aspects in corporate strategy and operations, including the fiduciary duties of boards of directors and management team in the face of climate change The visual of the manufacturing sector has been updated to reflect the transition dynamics around the value chains in that sector December 2021 – Updates Overview June 2020 – Read the mapping launch press release