Securities regulators in Canada and the United
States are developing climate-related disclosure requirements for
reporting issuers and registrants. In the first of this two-part
blog series, we'll summarize some of the reporting
requirements proposed in Canada, as well as the international
developments that may impact Canada's disclosure
rules.
Investors are becoming increasingly aware of climate-related
risks and more issuers are using ESG metrics to attract investment
dollars. The Financial Stability Board established the Task Force
on Climate-Related Financial Disclosures
(“TCFD”) to develop recommendations
for more effective climate-related disclosure. In June 2017, the
TCFD released its final recommendation, which consists of four core
elements: