Resources for Directors
Understand climate-related risks and opportunities and build climate competence to remain competitive
Time to Act: Response to questions posed by the Expert Panel on Sustainable Finance on Fiduciary Obligation and Effective Climate-related Financial Disclosures
The Expert Panel on Sustainable Finance has been commissioned by the Canadian Government to determine how best to generate sustainable finance, a significant challenge given the carbon intensity of Canada’s economy. The Expert Panel has defined sustainable finance as capital flows, risk management activities and financial processes that assimilate environmental and social factors as a […]
Read moreSevere Weather Causes $1.9 Billion in Insured Damage in 2018
Severe weather across Canada continues to highlight the financial costs of climate change to insurers and taxpayers. In 2018, insured damage for severe weather events across Canada reached $1.9 billion, according to Catastrophe Indices and Quantification Inc.
Read moreTCFD Implementation Guide
In June 2017, the Task Force on Climate-related Financial Disclosures (TCFD) published recommendations for climate-related financial risk disclosures in mainstream corporate filings. More than 600 organizations have publicly expressed support for the recommendations but many have cited a need for practical guidance on how to implement them. The Climate Disclosure Standards Board (CDSB) and the […]
Read moreWinds of Change: Environmental Sustainability Rises to the Board Level
With high-impact weather events on the rise, natural resource scarcity increasing, and the other looming impacts of climate change, boards of directors are facing intense pressure from stakeholders to get more involved in environmental sustainability governance. Diligent Institute set out to understand how directors and boards globally are engaging with this complex set of issues. […]
Read moreCanada Infrastructure Bank
The Canada Infrastructure Bank is a new Crown corporation that operates at arm’s length from government and is governed by a Board of Directors. The Bank is responsive and accountable to the Government and Parliament through the Minister of Infrastructure and Communities. As part of the Government of Canada’s historic Investing in Canada plan, the […]
Read moreClimate Change and Legal Risk
In this presentation, Dr. Janis Sarra, Presidential Distinguished Professor and Professor of Law University of British Columbia, outlined the fiduciary obligations of corporate directors and pension fiduciaries as they relate to climate change. Professor Cynthia A. Williams, Osler Chair in Business Law, Osgoode Hall Law School provided an overview of the Task Force on Climate-related […]
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