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ARTICLE · 05 JUNE 2008

Greener Ahead: Environmental Reporting In Ontario Securities Law

Borden Ladner Gervais LLP
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On February 27, 2008, the Ontario Securities Commission ("OSC") released OSC Staff Notice 51-716 Environmental Reporting ("Staff Notice 51-716") outlining the results of a targeted review of 35 public companies' compliance with continuous disclosure requirements related to environmental matters under National Instrument 51-102 "Continuous Disclosure Obligations".

CanadaEnvironment
Alfred Page
Alfred Page
John Vellone
John Vellone
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On February 27, 2008, the Ontario Securities Commission ("OSC") released OSC Staff Notice 51-716 Environmental Reporting ("Staff Notice 51-716") outlining the results of a targeted review of 35 public companies' compliance with continuous disclosure requirements related to environmental matters under National Instrument 51-102 Continuous Disclosure Obligations.

Staff Notice 51-716 considered public companies' continuous disclosure obligations related to contingent environmental liabilities, asset retirement obligations, financial and operational effects of environmental protection requirements, environmental policies fundamental to operations, and environmental risks. The OSC concluded that the majority of the public companies reviewed fell short of expectations with respect to environmental disclosure. The OSC intends to continue to monitor environmental matters in continuous disclosure

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