Knowledge Hub

Legal opinion: Nature-related risks and the duties of directors of Canadian corporations

Canadian directors have a legal duty to address risks stemming from biodiversity loss, freshwater stress, ecosystem degradation, and extreme weather. Failing to do so could expose them to a range of legal action including shareholder and creditor lawsuits as well as greenwashing and negligence claims. These are the findings of a new legal opinion authored […]

Submission to BC’s Ministry of Energy and Climate Solutions for the CleanBC Review

The Canada Climate Law Initiative welcomes the opportunity to provide feedback on how British Columbia (BC) can further strengthen its climate ambition by aligning financial and corporate regulation with CleanBC’s objectives. CleanBC—the government’s roadmap to reduce climate-changing emissions by 40% below 2007 levels by 2030—has already delivered a suite of targeted programs, including climate-focused capital […]

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Submission to the Standing Committee on Finance’s Pre-budget Consultations in Advance of the Upcoming 2025 Fall Federal Budget

The Canada Climate Law Initiative shares recommendations to the Standing Committee of Finance on the upcoming federal budget. We make three recommendations to amplify federal action on climate-related financial risks and opportunities, moving capital towards sustainable economic activities, and strengthening Canada’s economy: 1. Amend Canada Business Corporations Act Regulation SOR/2001-512 to include a new sub-section: […]

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Annual Report 2024-2025

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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 […]

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Guide on Adopting a Climate-first Approach in Sustainability Reporting

This guide, produced by the Canadian Sustainability Standards Board (CSSB), helps entities and their advisors comply with Canadian Sustainability Disclosure Standard (CSDS) 1, General Requirements for Disclosure of Sustainability-related Financial Information, and CSDS 2, Climate-related Disclosures when using the transition relief and disclosing information on climate-related risks and opportunities only. To adopt a climate-first approach, […]

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