Summary
The Canadian Securities Administrators (CSA) has published a
proposed rule, National Instrument 51-107 – Disclosure of
Climate-related Matters ("Proposed Instrument"), that
would impose climate-related disclosure requirements on reporting
issuers.
The proposed disclosure requirements are generally in line with
the Task Force on Climate-related Financial Disclosures (TCFD)
recommendations, as well as the growing international movement
towards mandatory climate-related disclosure standards, and will
apply to all reporting issuers (except for investment funds,
issuers of asset-backed securities, designated foreign issuers, SEC
foreign issuers, certain exchangeable security issuers, and certain
credit support issuers).
