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Canadian Securities Regulators publish Climate Risk Report

written by Joel Kenrick

The Canadian Securities Authority (CSA) finds corporate climate change risk reports failing to satisfy investors: 'A year-long review of climate change risk reporting by large Canadian publicly traded companies has found huge disparities in practices between corporations and industries but recommends no immediate action,' according to The Canadian Press (5 April). 'Further work is planned to develop new guidelines and potentially new rules to help companies comply with disclosure rules, according to a report from the Canadian Securities Administrators, a national body representing provincial securities regulators.'

'The CSA says it is also considering putting in place new rules that would require companies to provide more information in areas such as their governance processes relating to material risks and opportunities, as well as how they oversee the identification, assessment and management of material risk' wrote the Globe and Mail.

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