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Corporate Governance Canada Climate Change

Bennett Jones LLP

CSA Announces Pause on Climate-Related and Diversity-Related Disclosure Projects in Response to Global Market Uncertainty

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The Canadian Securities Administrators (CSA) has announced a pause to its work on developing new mandatory climate-related disclosures and amending diversity-related disclosure requirements, in light of recent significant...more

Davies Ward Phillips & Vineberg LLP

Disclosure Interrupted: CSA Pauses Climate and Diversity Disclosure Rules

The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order “to support Canadian markets and issuers as they adapt to the recent developments in the U.S....more

Blake, Cassels & Graydon LLP

Publication des toutes premières Normes canadiennes d’information sur la durabilité

Le 18 décembre 2024, le Conseil canadien des normes d’information sur la durabilité (le « CCNID »), lequel menait des travaux depuis juin 2023 visant à mettre en place un cadre relatif à la durabilité au Canada, a publié les...more

Blake, Cassels & Graydon LLP

Canadian Sustainability Standards Board Publishes Inaugural Sustainability Disclosure Standards

On December 18, 2024, the Canadian Sustainability Standards Board (CSSB), which has been working since June 2023 to advance the adoption of sustainability standards in Canada, released its inaugural Canadian Sustainability...more

Blake, Cassels & Graydon LLP

Commentaires des ACVM sur l’information fournie par les émetteurs assujettis au sujet de l’IA et du changement climatique

Le 7 novembre 2024, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié l’Avis 51-365 du personnel des ACVM, Activités du programme d’examen de l’information continue pour les exercices terminés les 31...more

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Ontario Court of Appeal Orders Rehearing of Environmental Charter Challenge

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In Mathur v Ontario, 2024 ONCA 762, the Court of Appeal for Ontario held that Ontario’s Cap and Trade Cancellation Act (CTCA) was a voluntary assumption by the provincial government to combat climate change and, thus,...more

Blake, Cassels & Graydon LLP

Stay Clean, Don’t Wash: CSA Comments on Artificial Intelligence and Climate Disclosures

On November 7, 2024, the Canadian Securities Administrators (CSA) released CSA Staff Notice 51-365 Continuous Disclosure Review Program Activities for the Fiscal Years Ended March 31, 2024, and March 31, 2023 (Notice). The...more

Davies Ward Phillips & Vineberg LLP

Davies Comments on First Proposed Canadian Sustainability Disclosure Standards

Davies recently submitted a comment letter in response to public consultations initiated by the Canadian Sustainability Standards Board (CSSB) regarding their draft sustainability and climate disclosure standards, which aim...more

Blake, Cassels & Graydon LLP

Normes d’information sur la durabilité : Nouveaux développements

Le 13 mars 2024, le Conseil canadien des normes d’information sur la durabilité (le « CCNID ») a lancé un processus de consultation au sujet de ses premières Normes canadiennes d’information sur la durabilité (« NCID »). Le...more

Blake, Cassels & Graydon LLP

New Developments in the Sustainability Disclosure Landscape

On March 13, 2024, the Canadian Sustainability Standards Board (CSSB) initiated a consultation process on its first Canadian Sustainability Disclosure Standards (CSDS). The CSSB has developed for comment two exposure drafts...more

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US Securities and Exchange Commission Releases Long-Anticipated Climate-Related Disclosure Rules

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On March 6, 2024, the Securities and Exchange Commission (SEC) released its widely anticipated climate-related disclosure rules (the Final Rules). The Final Rules require registrants to disclose certain climate-related...more

Stikeman Elliott LLP

Environmental, Social & Governance Law 2024 Canada

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1 Setting the Scene – Sources and Overview - 1.1 What are the main substantive ESG-related regulations? There are a variety of environmental, social and governance (“ESG”)-related regulations applicable to federally...more

Stikeman Elliott LLP

CSA Welcome Release by ISSB of Global Sustainability Disclosure Standards

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On June 26, 2023, the International Sustainability Standards Board (“ISSB”) released its first two sustainability disclosure standards (the “ISSB Standards”), IFRS S1 General Requirements for Disclosure of...more

Cadwalader, Wickersham & Taft LLP

RBC Incorporates Climate Priorities into Executive Incentive Compensation Plans

The Royal Bank of Canada announced that this year it will begin incorporating ESG considerations into incentive compensation plans for the bank’s CEO and other top executives. In particular, the bank plans to take ESG...more

Stikeman Elliott LLP

Environmental, Social & Governance Law 2023 Canada

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There are a variety of environmental, social and governance (“ESG”)-related regulations applicable to federally and provincially incorporated companies; however, the focus of this chapter will be on public companies that...more

Stikeman Elliott LLP

2023 Canadian Policy Updates from ISS and Glass Lewis Focus on Diversity and Climate Risk

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Institutional Shareholder Services (ISS) and Glass Lewis Canadian company updates for the 2023 proxy season continue to focus on board diversity and oversight of climate risk. Other issues considered include overboarding,...more

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ISS Releases 2021 Climate & Voting Review and Global Trends Report

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In recent years, there has been a distinct increase in climate-related shareholder activism with shareholder proposals and other initiatives on climate-related topics becoming prominent world-wide. On May 12, 2022,...more

Stikeman Elliott LLP

ISS 2022 Benchmark Voting Policies: New Diversity and ESG Requirements

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Introduction - Institutional Shareholder Services (ISS) recently published its 2022 updates to its benchmark proxy voting policies. The policies will govern ISS’ voting recommendations for shareholder meetings held on or...more

Bennett Jones LLP

ISS Proposes 2022 Benchmark Updates for Say on Climate, Gender Diversity and Say on Pay

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Institutional Shareholder Services (ISS) has released proposed updates for comment to certain of its Canadian benchmark proxy voting policies (each, a Proposed Policy) for the 2022 proxy season. The Proposed Policies are open...more

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Sustainable Debt Finance in Canada: Sustainability-Linked Loans

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Sustainability-linked loans are loan products designed to reward a borrower with improved pricing for achieving predefined sustainability performance targets related to environmental, social and/or governance-related...more

Blake, Cassels & Graydon LLP

Rapport de Dey et Kaplan : Mise au point sur les normes de gouvernance des sociétés canadiennes

Dans un rapport publié récemment et intitulé 360º Governance: Where Are The Directors In A World In Crisis? (en anglais seulement) (le « rapport »), Peter Dey et Sarah Kaplan se penchent sur les pratiques modernes de bonne...more

Blake, Cassels & Graydon LLP

Dey-Kaplan Report Aims to Update Canadian Corporate Governance Standards

With the release of a report entitled “360º Governance: Where Are The Directors In A World In Crisis?” (Report), Peter Dey and Sarah Kaplan examine modern good governance from a practical and scholarly standpoint,...more

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Version Four of the Equator Principles: Additional Due Diligence Requirements for Project Financing

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The Equator Principles (EPs) is a set of ten voluntary principles or guidelines established to assist financial institutions with identifying, assessing and managing environmental and social risk in international and domestic...more

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CSA Staff Notice Provides Guidance on Climate Change-Related Risk Disclosure

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On August 1, 2019, the Canadian Securities Administrators (CSA) issued CSA Staff Notice 51-358: Reporting of Climate Change-related Risks (the "Notice") that provides guidance on risk identification and disclosure by...more

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Summary of Actions Against Exxon Mobil for Securities Fraud

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Since 2013, investors in Exxon Mobil Corporation ("Exxon") stock have consistently shown an interest in understanding how the effects of climate change will impact their investment. Over the years, in response to these...more

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