Market Insight: The CSA’s Climate-Related Disclosure Proposal In Context
13 Oct, 2022
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Executive Summary
Canadian-regulated climate disclosures are on the horizon. Already under pressure from carbon pricing systems, growing investor and stakeholder focus, and pre-existing environmental regulation, the question executives must ask is this: how can we best prepare for upcoming regulation? This report provides executives with a summary of the movement of the Canadian Securities Administrators (CSA) towards regulated climate disclosures. It highlights the key areas of difference between the CSA’s proposal and other jurisdictional implementations of the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.
The CSA Aims To Upgrade Mandatory Climate Disclosures For Canadian Firms
The Developing North American Climate Regulatory And Disclosure Landscape
The Requirements Of The CSA Proposal
The CSA Proposal Falls Short Of The TCFD Recommendations
Looking Forward: Preparing For The CSA’s Mandatory Climate Disclosures
The Developing North American Climate Regulatory And Disclosure Landscape
The Requirements Of The CSA Proposal
The CSA Proposal Falls Short Of The TCFD Recommendations
Looking Forward: Preparing For The CSA’s Mandatory Climate Disclosures
Figure 1. North American Climate-Related Regulatory Developments
Figure 2. Developments Impacting Canadian Spend On ESG And Sustainability
Figure 2. Developments Impacting Canadian Spend On ESG And Sustainability
Task Force on Climate-related Financial Disclosures (TCFD), KPMG, Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB), UL, Greenhouse Gas Protocol, Canadian Securities Administrators (CSA), Yamana Gold, AIMCo, Canadian Bankers Association, BMO Global Asset Management, HOOPP, Sphera, Pension Investment Association of Canada, IBM, Enablon, BCI, Manifest Climate, Signal Gold (previously Anaconda Mining), US Securities and Exchange Commission (SEC), NEI Investments, US Environmental Protection Agency (EPA), MSCI, FigBytes, Cenovus Energy, Carbon Disclosure Project (CDP)
About the Authors
Connor Taylor
Senior Analyst
Connor is a Senior Analyst at Verdantix. He focuses on delivering research to help senior executives navigate decarbonization decision-making and build effective strategies to…
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a…
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