Regulatory Alerts2019-08-01
CSA Staff Notice 51-358: Reporting of Climate Change-related Risks
The Canadian Securities Administrators issued this notice to provide guidance to reporting issuers on disclosing material climate change-related risks in continuous disclosure documents. The document outlines the responsibilities of boards and management in assessing materiality and implementing risk management systems, while clarifying that no new legal requirements are created. It encourages entity-specific disclosure to help investors make informed decisions and addresses challenges related to quantifying risks over short, medium, and long-term horizons.
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