Disclosure Interrupted: CSA Pauses Climate And Diversity Disclosure Rules

The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order "to support Canadian markets and issuers as they adapt to the recent developments in the U.S. and globally."

Consistent with the CSA's recent regulatory shift to reduce friction for capital raising in Canada, the CSA is, for the moment, leaving the broad-based disclosure requirements of securities laws and the suasion of proxy advisory firms and interested institutional investors to shape issuers' climate and diversity disclosure, rather than mandating enhanced disclosure rules.

Climate Disclosure in Canada

CSA Pauses Draft Mandatory Climate Disclosure Rule