there was a broad consensus among issuers that disclosure of climate change-related risks and financial impacts needs to improve;
assessing materiality, risk quantification and appropriate reporting frameworks remains a challenge for issuers; and
the lack of disclosure led to adverse presumptions by investors.
The CSA intends to:
develop further guidance and educational initiatives on climate change risks and financial impacts for issuers in the near term;
develop new disclosure requirements for corporate governance relating to climate change risks, oversight, and management.
Please contact Lisa DeMarco at email@example.com at DeMarco Allan LLP, Canada's only boutique climate and clean energy law firm, should you have further questions on climate change-related financial disclosure.