Canadian Securities Regulators Seek Comment On Climate-Related Disclosure Requirements

On October 18, 2021, the Canadian Securities Administrators (CSA) published a notice (the Notice) asking for comments on proposed National Instrument 51-107 Disclosure of Climate-related Matters and its companion policy (collectively, the Proposed Instrument). The full text of the Notice and Proposed Instrument are available here.

Purpose of Proposed Instrument

With the ever growing focus on climate-related issues, and climate-related risk becoming mainstream business issues, there has been a push to implement mandatory climate-related disclosure requirements.

To support this, the CSA has introduced the Proposed Instrument which sets out disclosure requirements regarding climate-related matters for reporting issuers. This is intended to improve issuer access to global capital markets by aligning Canadian disclosure standards with the expectations of international investors, assist investors in making informed decisions, facilitate an "equal playing field" for