Resources for Policy Makers

Our robust legal research allows the team to provide specific policy recommendations that can help policy makers in developing policies related to directors’ duties and climate change, including climate-related disclosures.

May 23rd, 2024

Submission to the Canadian Sustainability Standards Board on CSDS 1 and CSDS 2

In our submission to the Canadian Sustainability Standards Board (CSSB) consultation on proposed Canadian Sustainability Disclosure Standard (CSDS) 1 General Requirements for Disclosure of Sustainability-related Financial Information (CSDS 1) and CSDS 2 Climate-related Disclosures (CSDS 2), we make three recommendations: 1. The CSSB should fully adopt IFRS S1 and IFRS S2 in CSDS 1 and […]

Read more
May 8th, 2024

Submission on Strengthening the Climate Resilience and Sustainability of the Ontario Financial Services Sector

The Financial Services Regulatory Authority of Ontario (FSRAO) has an important role in supervising the integrity of the financial system. The Canada Climate Law Initiative makes this submission to request that FSRAO develop specific guidelines on the management of climate-related risks for entities in the sectors it supervises. We share seven recommendations to enhance Ontario’s […]

Read more
Apr 11th, 2024

Progress and priorities: Reviewing sustainability in key pension systems

Pension funds are long-term investors and their ability to generate long-term returns relies on the performance of the markets and economies in which they invest. Because sustainability factors such as climate change and biodiversity loss threaten the performance of the markets and economies on which they rely for financial returns, pension funds have a responsibility to […]

Read more
Apr 9th, 2024

Committed and actual federal government climate spending

Analysis from a report from Corporate Knights’ Climate Dollars initiative shows that the Canadian federal government is at least $14 billion behind on rolling out the climate funding it had committed to spending by now. And since 2015, there has been a 30% shortfall between what the government has committed to spending on climate and […]

Read more
Mar 26th, 2024

EU sustainability reporting requirements: Implications for Canadian business and policy makers

The impact of new standards for sustainability disclosures in Europe will be felt by Canadian firms with access to European Union (EU) capital markets, or significant operations in EU countries. Based on current reporting practices and given Canada’s lack of a robust sustainable finance framework, Canadian firms could have a significant challenge in meeting these […]

Read more
Feb 5th, 2024

Canada’s North Star in Climate Disclosure: Submission to the Canadian Securities Administrators (CSA) on proposed National Instrument 51-107 Disclosure of Climate-related Matters (NI 51-107)

It has been well over two years since the Canadian Securities Administrators (CSA) proposed National Instrument 51-107 Disclosure of Climate-related Matters (NI 51-107) and its companion policy. The Canada Climate Law Initiative (CCLI) made a submission strongly supporting a national instrument aligned with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD), offering recommendations […]

Read more