Proposed Climate Change Risk Disclosure Is Good For Both Pension Plan Administrators And Members

On October 18, 2021, the Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 51-107 Disclosure of Climate-related Matters and its accompanying Companion Policy 51-107CP Disclosure of Climate-related Matters. The proposed National Instrument would establish climate-related disclosure obligations for reporting issuers in Canada. Osler has recently published an in-depth review of this proposed National Instrument, in the blog post, Climate change from the corporate perspective: the CSA's proposed climate-related disclosure requirements.

Given the increased focus on managing the financial risks posed by climate change, pension plan administrators will benefit from the enhanced and standardized disclosure proposed in the draft National Instrument. With complete, consistent and comparable disclosure from issuers, pension plan administrators will be able to more prudently assess and manage the financial risks associated with climate