Canadian securities regulators to develop new guidance on climate risk disclosures
Canadian securities regulators have finished reviewing how large publicly traded companies disclose their climate change-related risks to investors and have found that the level of information provided varies widely.
Climate-related disclosure has become a hot topic recently, as institutional investors press companies for more information on how they plan to manage the transition to a low-carbon economy. Companies in carbon-heavy sectors such as mining and energy face the highest pressure from investors who fear being stuck holding stranded assets.
In a staff notice published Thursday, the Canadian Securities Administrators – an organization composed of provincial securities regulators – says it plans to develop new guidance to help companies comply with existing disclosure rules.