Climate change risk is serious business – are you doing your due diligence?
Aug 16, 2018
On August 16, 2018, Norton Rose Fulbright published an article on how investors are considering climate-related risks in making investment decisions and are consequently demanding more disclosure.
Securities regulators have responded. The CSA recently undertook a review of climate change disclosure made by reporting issuers, and published its findings on April 5, 2018 in CSA Staff Notice 51-354 Report on Climate Change Related Disclosure Project. The CSA found the following:
- Disclosure is lacking
- Most industries are underrepresented
- Investors are dissatisfied with the disclosure
As a result of this review, the CSA has indicated that it intends to consider mandating new disclosure requirements for non-venture issuers in relation to climate change risks, and will continue to assess whether investors require additional types of information, such as disclosure of certain categories of greenhouse gas emissions, to make investment and voting decisions.
Review the full article on Norton Rose Fulbright's website.
