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ARTICLE · 08 NOVEMBER 2021

Climate-related Disclosure Requirements Proposed By The CSA

The CSA is accepting comments on the Proposed Climate Disclosure until January 17, 2022.

CanadaCorporate/Commercial Law

Inconsistent climate-related disclosure is being addressed by the Canadian Securities Administrators (CSA) through a proposal to implement certain climate-related disclosure obligations based on recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

  • The proposed climate-related disclosure requirements (Proposed Climate Disclosure) follow TCFD recommendations, with certain modifications, and would be mandated for all reporting issuers, other than investment funds, issuers of asset-backed securities, designated foreign issuers, SEC foreign issuers, certain exchangeable security issuers and certain credit support issuers.
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  • Governance related Proposed Climate Disclosure would be included in a reporting issuer's management information circular and Proposed Climate Disclosure related to strategy, risk management and metrics and targets would be included in the issuer's annual information form (AIF).

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