The federal government will require large companies that
receive emergency loans to publish annual climate-related
disclosure: Here's what you need to know
On May 11, 2020, the federal Government announced the Large Employer Emergency
Financing Facility ("LEEFF"), which will
provide bridge financing for large Canadian employers impacted by
the COVID-19 pandemic. Loans will be made available to Canadian
businesses with annual revenues generally greater than $300
million. The objective is to help companies keep their operations
going, maintain solvency, and to avoid job losses (for more
information on the LEEFF generally, click here).
At the same time, the federal Government is building in certain
requirements to move forward its longer term commitment to address
climate change. In particular, among other conditions, the
Government is requiring LEEFF recipient businesses to publish
annual climate-related disclosure reports. Generally speaking, the
goal of requiring
