Office of the Superintendent of Financial Institutions
The Policy on Green Procurement supports the Government of Canada’s effort to promote environmental stewardship. In keeping with the objectives of the policy, the Office of the Superintendent of Financial Institutions (OSFI) supports sustainable development by integrating environmental performance considerations into the procurement decision‑making process through the activities in this Departmental Sustainable Development Strategy (DSDS).
Although OSFI is not bound by the Federal Sustainable Development Act and is not required to develop a departmental sustainable development strategy, OSFI adheres to the principles of the Federal Sustainable Development Strategy (FSDS) by implementing the Policy on Green Procurement.
FSDS Goal: Low Carbon Government – OSFI supports the transition to a low carbon economy through green procurement. We support clean technologies and green products and services by taking environmental considerations into account in our purchasing decisions.
Support the transition to a low-carbon economy through green procurement
By March 31, 2018, 95% of copy paper and envelope purchases will contain a minimum of 30% recycled content and be certified to a recognized environmental standard to reduce the environmental impact of production.
By March 31, 2018, 90% of purchases of imaging hardware will include criteria to reduce the environmental impact associated with the production, acquisition, use and/or disposal of the equipment.
By March 31, 2018, 90% of information technology (IT) hardware at end of life will be recycled or disposed of in a manner which reduces the environmental impact.
Dollar value of copy paper and envelope purchases that meet the target objective relative to the total dollar value of all purchases for copy paper and envelopes for the given year.
Target Performance Level = 95%
Annual amount spent on copy paper, and envelopes.
Target Performance Level = $41K
Volume of imaging hardware purchased that meet the target objective relative to the total dollar value or volume of all imaging hardware purchased in the year in question.
Target Performance Level = 90%
Annual amount spent on imaging hardware.
Target Performance level = $239K
Volume of IT hardware at end of life that is recycled or disposed of in a manner that reduces the environmental impact, relative to the total volume of all IT hardware that is disposed of in the year in question.
Target Performance Level = 90%
OSFI will continue to ensure that its decision-making process includes consideration of FSDS goals and targets through the Strategic Environmental Assessment (SEA) process. An SEA for policy, plan or program proposals includes an analysis of the impacts of the given proposal on the environment, including on FSDS goals and targets.
Public statements on the results of OSFI’s detailed assessment would be made public when an initiative that has undergone a detailed SEA is announced (see OSFI’s website). The purpose of the public statement is to demonstrate that the environmental effects, including the impacts on achieving the FSDS goals and targets, of the approved policy, plan or program have been considered during proposal development and decision making.