CSA Review Of Climate Change-Related Disclosure

Introduction

On April 5, 2018, the Canadian Securities Administrators ("CSA") published CSA Staff Notice 51-354 – Report on Climate Change-Related Disclosure Project ("SN 51-354"). SN 51-354 provides a summary of the findings from a CSA project launched in 2017 (the "Project"), which consisted of the CSA's review of the current disclosure framework with respect to climate change-related information, research on the disclosure regime in other jurisdictions and a report on consultations conducted by the CSA with a wide range of stakeholders, including issuers, professional advisors and investors. In SN 51-354, the CSA also provide their perspective on certain key issues in climate change reporting.  As a result of their work, the CSA view climate change-related risks not as industry specific but rather as a category of risks and opportunities affecting issuers across a wide range of industries.