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ARTICLE · 29 NOVEMBER 2024

Disclosure On The Rise: 2024 Climate Disclosure Report

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Amid the backdrop of evolving climate change trends and developments in Canada and worldwide, we decided it was an opportune time to survey the climate disclosure practice of 220 of Canada's largest public companies.

CanadaEnvironment
Torys LLP
Torys LLP
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Amid the backdrop of evolving climate change trends and developments in Canada and worldwide, we decided it was an opportune time to survey the climate disclosure practice of 220 of Canada's largest public companies. We surveyed constituents of the S&P/TSX Composite Index to provide insights into where disclosure practices may be headed.

The results were informative—our full report, launching soon, revealed several key takeaways:

  • 45% of companies have publicly set a target to achieve net-zero greenhouse gas (GHG) emissions, with the substantial majority (74%) targeting net-zero by 2050
  • 95% of companies are publishing a sustainability, ESG, climate action/transition or similar report
    • 69% of those companies state they are reporting in accordance with the Taskforce on Climate-related Financial Disclosures, the international framework on which Canadian rules are expected to be based

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