OSC Finalizes Statement Of Priorities – Going Green

In our November bulletin we wrote about the Ontario Securities Commission (OSC) draft Statement of Priorities (SoP), which helps inform its business planning for the year ended March 21, 2023. The 2022-2023 SoP has now been finalized, setting out the OSC's four strategic goals and its priority initiatives for the upcoming fiscal year. As set out in the initial draft, one of the OSC's goals remains promoting confidence in Ontario's capital markets, which includes developing a rule setting out climate change-related disclosures for reporting issuers. It is noted in response to comments on the draft SoP that the CSA will continue to focus on these disclosures, with broader environmental factors and other sustainability topics to be considered in the future.