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.

Sep 29th, 2022

Submission to Office of the Superintendent of Financial Institutions (OSFI) for its draft Guideline B-15 Climate Risk Management

The Canada Climate Law Initiative (CCLI) applauds the Office of the Superintendent of Financial Institutions (OSFI) for its draft Guideline B-15 Climate Risk Management. The proposed Guideline is important recognition that climate-related risks can significantly affect the safety and soundness of federally-regulated financial institutions (FRFI), in turn affecting the integrity of the Canadian financial system. […]

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Sep 20th, 2022

Submission on CAPSA’s draft Guideline on Environmental, Social and Governance Considerations in Pension Plan Management (ESG Guideline)

We are thankful for the opportunity to make submissions on the Canadian Association of Pension Supervisory Authorities’ (CAPSA‘s) draft Guideline on Environmental, Social and Governance Considerations in Pension Plan Management (ESG Guideline). The Canada Climate Law Initiative (CCLI) supports the three very broad principles contained in the Guideline; however, our view is that the baseline […]

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Aug 8th, 2022

Submission to IFRS ISSB on IFRS S2 Climate-related Disclosures

The International Financial Reporting Standards Foundation (IFRS) and its International Sustainability Standards Board (ISSB) provided the opportunity to comment on the proposed IFRS S2 Climate-related Disclosures (IFRS S2). The Canada Climate Law Initiative (CCLI) supports the overall framework of the exposure draft being aligned with the Financial Stability Board’s (FSB) Taskforce on Climate-related Financial Disclosures […]

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Jul 1st, 2022

Global trends in climate change litigation: 2022 snapshot

Climate change litigation continues to grow in importance year-on-year as a way of either advancing or delaying effective action on climate change. In 2022, the Intergovernmental Panel on Climate Change (IPCC) recognised the role of litigation in affecting “the outcome and ambition of climate governance”. The latest edition of the Grantham Research Institute annual report […]

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Jun 3rd, 2022

A New Dawn in Climate Disclosure: Comparing Canada’s proposed National Instrument 51-107 with proposed SEC rules and IFRS/ISSB standards

Policies on disclosure of climate-related risks and opportunities are rapidly developing in Canada and globally.  The Canada Climate Law Initiative (CCLI) has produced this chart to allow policymakers, investors, and civil society organizations to compare proposals made by Canadian securities regulators in proposed National Instrument 51-107 Disclosure of Climate-related Matters, with the United States Securities […]

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Apr 27th, 2022

ESG and Climate Change Blind Spots: Turning the Corner on SEC Disclosure

This article examines four areas in which the SEC, for more than a decade, resisted reform or impeded shareholders’ access to sought-after environmental, social, and governance (ESG) information. These areas are: (1) the SEC’s refusal to act on several rulemaking petitions submitted during the years 2009 to 2018, which called for expanded ESG disclosure; (2) […]

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