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ARTICLE · 02 SEPTEMBER 2019

Climate Change-Related Risks And Their Potential Financial Impacts Classified As Mainstream Business Issues By CSA

Stikeman Elliott LLP
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New CSA guidance highlights the importance of climate change-related disclosure to securities regulators and investors and aims to assist issuers in identifying, and improving

CanadaEnvironment
Stikeman Elliott LLP
Stikeman Elliott LLP
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New CSA guidance highlights the importance of climate change-related disclosure to securities regulators and investors and aims to assist issuers in identifying, and improving disclosure of, material risks posed by climate change.

The Canadian Securities Administrators (CSA) recently published CSA Staff Notice 51-358 Reporting of Climate Change-related Risks (the Notice). The Notice was motivated by increased investor interest in climate change-related risks, particularly among institutional investors, the CSA's view that issuers' existing disclosure with respect to climate change can be improved, and the large number of reports on climate change disclosure and other environmental governance topics over the last several years.

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