Departmental Sustainable Development Strategy

1. Context for the Departmental Sustainable Development Strategy

The 2016–2019 Federal Sustainable Development Strategy (FSDS):

  • sets out the Government of Canada’s sustainable development priorities
  • establishes goals and targets
  • identifies actions to achieve them, as required by the Federal Sustainable Development Act.

In keeping with the objectives of the Act to make environmental decision-making more transparent and accountable to Parliament, the Office of the Superintendent of Financial Institutions (OSFI) supports reporting on the implementation of the FSDS and its Departmental Sustainable Development Strategy, or equivalent document, through the activities described in this supplementary information table.

2. Sustainable Development in the Office of the Superintendent of Financial Institutions

OSFI’s Departmental Sustainable Development Strategy for 2017 to 2020 describes the department’s actions in support of achieving the FSDS goal of a low-carbon government. This supplementary information table presents available results for the departmental actions pertinent to this goal. Last year’s supplementary information table is posted on OSFI’s website. This year, OSFI is also noting which United Nations (UN) Sustainable Development Goal target each departmental action contributes to achieving.

3. Departmental performance by FSDS goal

The following table provides performance information on departmental actions in support of the FSDS goal of a low-carbon government.

FSDS goal: low-carbon government

FSDS target(s) FSDS contributing action(s) Corresponding departmental action(s) Support for United Nations Sustainable Development Goal (UN SDG) target Starting point(s), target(s) and performance indicator(s) for departmental actions Results achieved
Low-carbon government Support the transition to a low-carbon economy through green procurement Sets departmental targets to reduce the environmental impact of specific goods or services.

SDG 12.7

(Promote public procurement practices that are sustainable, in accordance with national policies and priorities)

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

$19,838.15, which represents 95% of the total dollar value of purchases for copy paper and envelopes in fiscal year 2018-19.
OSFI continues to factor environmental considerations into public procurement, in accordance with the federal Policy on Green Procurement. Specifically, OSFI:
  • Leverages common-use procurement instruments (i.e., standing offers and supply arrangements) that take environmental considerations into account, whenever feasible.

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

$4,215.12, which represents 100% of the total dollar value of all imaging hardware purchased in the year in question.

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%

99% of IT hardware was recycled or disposed of in a manner that reduces the environmental impact.

4. Report on integrating sustainable development

During the 2018-19 reporting cycle, OSFI had no proposals that required a Strategic Environmental Assessment and no public statements were produced.​