2019-20 Departmental Sustainable Development Strategy

December 2018

1. Context for the Departmental Sustainable Development Strategy

Although the Office of the Superintendent of Financial Institutions (OSFI) is not bound by the Federal Sustainable Development Act and is not required to develop a full departmental sustainable development strategy, OSFI adheres to the principles of the Federal Sustainable Development Strategy (FSDS) by implementing the Policy on Green Procurement.

The Policy on Green Procurement supports the Government of Canada's effort to promote environmental stewardship. In keeping with the objectives of the policy, OSFI 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.

2. Commitments for the Office of the Superintendent of Financial Institutions

FSDS goal: low-carbon government

FSDS target FSDS
departmental action(s)
Support for UN
Goal Target
Starting point(s), target(s) and
performance indicator(s) for
departmental actions
Link to the
  Support the transition to a low-carbon economy through green procurement
  • Sets departmental targets to reduce the environmental impact of specific goods or services.
  • OSFI continues to embed 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 wherever available and feasible.
    • Ensures that all procurement and/or materiel management specialists complete the Canada School of Public Service Green Procurement course (C215) or equivalent.
    • Includes support and contribution toward green procurement in the performance evaluations of managers and functional heads of procurement and materiel.
    • Increases awareness of the Policy on Green Procurement as part of ongoing training programs offered to OSFI managers.

Starting Point: Not applicable.

Target: 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 2020.

Performance Indicator: 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.

Starting Point: Not applicable

Target: 90% of information technology (IT) hardware at end of life will be recycled or disposed of in a manner which reduces the environmental impact by 2020.

Performance Indicator: 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.

Starting Point: Not applicable

Target: All of OSFI's Bid Solicitation, Contract and Statement of Work templates will be reviewed and updated using updated templates that include environmental considerations by 2020.

Performance Indicator: All Templates have been updated.

Internal Services

3. Integrating sustainable development

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.