SEC Greenwashing Plan Seen as De Facto Bar for Canada Issuers

The US Securities and Exchange Commission’s plan requiring companies to comply with a set of climate-related disclosures is set to become a de facto standard for most large corporations in Canada, according to an analysis by Toronto-based consultancy firm ESG Global Advisors.

That’s because the SEC’s draft regulation is stricter than a similar plan being circulated by the Canadian Securities Administrators. The US plan requires disclosure of potential financial impacts of severe weather events, transition, as well as assumptions used for those stress tests, Sarah Keyes and Dustyn Lanz said in a report Thursday.

There are over 200 ...