July 9, 2025
Reinforcing Fiduciary Duties, Prudential Oversight and Mandatory Climate Disclosures in CAPSA’s Beyond-2026 Strategic Plan
We commend the Canadian Association of Pension Supervisory Authorities (CAPSA) for its steadfast commitment to coordinating and harmonizing pension regulatory principles across Canada “to improve pension plan administration and support pension plan administrators in meeting their fiduciary duty”. As CAPSA finalizes its next strategic plan, we urge the inclusion of a comprehensive framework that places greater emphasis on climate-related considerations, particularly in relation to fiduciary responsibilities, climate governance practices, and mandatory climate-related disclosures for all provincially regulated pension plans.