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From U.S. Dependence to Global Capital: The Role of Climate Disclosure
Canadian companies with strong climate-related disclosures saw portfolio holdings by non-U.S. foreign institutional investors rise by 24.6% compared to non-disclosing firms following the market disruption caused by U.S. President Trump’s sweeping “Liberation Day” tariff announcement last year. Almost all of the difference was accounted for by investors in climate-conscious European jurisdictions. These findings are presented […]
Read moreBehind the Curve: Canadian Financial Regulators and Climate Risk
The report assesses regulators including the Bank of Canada, OSFI, the Autorité des marchés financiers, and provincial securities and market conduct authorities across Ontario, British Columbia, and Alberta. Each is graded on four criteria: mandate recognition, climate risk disclosure, use of tools beyond disclosure, and transparency. The findings reveal a fragmented and uneven landscape. While […]
Read moreRecommendations to Innovation, Science and Economic Development Canada on the modernization of business law frameworks
The Canada Climate Law Initiative provided recommendations to Innovation, Science and Economic Development Canada on the modernization of business law frameworks in this submission pertaining directly to the Canada Business Corporations Act (CBCA) Regulations. We suggest a new subsection under s.72 of the CBCA Regulations to require large to mid-size-cap companies to develop transition plans. […]
Read moreDisconnected Defenses: Extreme Weather Risk Across Corporates, Cities and Financial Systems
Extreme weather is already shaping financial outcomes across the real economy. Losses are no longer confined to isolated assets or sectors, but increasingly emerge through shared systems – including infrastructure, supply chains, insurance markets and public services – on which companies, cities and financial institutions all depend. Drawing on disclosure data from companies, insurers and […]
Read moreThe Case for Nature-related Financial Disclosures in Canada
Nature loss is not only an environmental concern, but also an emerging source of economic and financial risk. As critical ecosystems degrade, so too does the natural capital that underpins production, supply chains and long-term economic stability. In Canada, where the economy remains resource-intensive and nature-dependent, these risks are particularly pronounced. Recent analysis suggests that nature’s […]
Read moreBuilding Canada’s Taxonomy the Right Way: Insights from a Survey of Investors
Canadian investors will be closely following the development of made-in-Canada green and transition investing guidelines that will allow markets to identify and agree on which economic activities contribute to addressing climate change. To help inform this work, input from thirty-three was gathered from mostly senior responsible investment practitioners with interest and expertise in taxonomy development.
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