Canada is moving closer to making sustainability disclosure for companies mandatory

By Jeffrey Jones
The Globe and Mail
February 5, 2024
Category: Carbon, Climate & Bioenergy
Region: Canada

Corporate Canada is moving a step closer to standardized sustainability reporting this week as an industry group charged with adapting international disclosure guidelines to the domestic economy finalizes its first drafts. The Canadian Sustainability Standards Board is expected to sign off on three documents that will guide climate-related disclosures. The documents will go out for a 90-day public comment period starting in March. These are international guidelines, tailored for the Canadian context, that could eventually be required by regulators such as the provincial securities commissions and the federal financial-industry watchdog, CSSB chair Charles-Antoine St-Jean said. …Financial experts, including those serving on the Sustainable Finance Action Council, have called for mandatory climate disclosure to be adopted quickly in Canada, saying it is a competitive imperative as the rest of the world proceeds with the standards. [to access the full story a Globe & Mail subscription is required]

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