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ARTICLE · 06 MAY 2021

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The ESG Imperative – Canadian Legislative And Regulatory Developments

Investors are increasingly relying on environmental, social and corporate governance (ESG) criteria to complement the various ­nancial factors that guide their investment decisions.

CanadaGovernment, Public Sector

Investors are increasingly relying on environmental, social and corporate governance (ESG) criteria to complement the various ­nancial factors that guide their investment decisions. Strong performance in these metrics can make a business an attractive investment opportunity.

While strong ESG performance is, ­rst and foremost, the responsibility of businesses, jurisdictions can establish themselves as attractive destinations for capital by regulating industry in an ESG-compliant manner. In this article, we brie‑y outline recent legislative and regulatory changes that are aimed at improving the Canadian oil and gas industry's performance in respect of the ­rst two letters of the ESG acronym: environmental and social concerns.

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