Regulatory Alerts2021-10-18
Draft Policy Statement to Regulation 51-107 on Climate-Related Disclosures
The Canadian Securities Administrators issued this draft policy to provide interpretive guidance on Regulation 51-107, which mandates climate-related disclosures for issuers to aid investor decision-making. The regulation aligns with TCFF recommendations but exempts scenario analysis and makes greenhouse gas emission reporting optional if justified, while requiring governance and risk management disclosures without materiality assessments. Implementation follows a phased timeline, applying first to non-emerging issuers and subsequently to emerging issuers, with specific transitional provisions governing the reporting periods.
Share