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Canada Proposes Climate Risk Securities Disclosures by Companies

Oct. 18, 2021, 8:35 PM

Canada’s securities regulators are proposing to make climate change disclosures mandatory for public companies for the first time under a set of draft rules released Monday.

Firms would have to submit information on oversight, strategy, and processes for addressing climate change and greenhouse gas emissions, under the proposal by the Canadian Securities Administrators, or CSA.

Canada’s 10 provinces and three territories, each of which is responsible for regulating securities in their jurisdictions, set up the Montreal-based CSA to harmonize rules across the country.

The CSA proposal, open for public comment until Jan. 17, would be the country’s first compulsory rules ...

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