October 27, 2022
Partial Disclosure: Assessing the state of physical and transition climate risk disclosure in Canada
The latest Institute for Sustainable Finance (ISF) study demonstrates that in aggregate, climate-related disclosures by Canadian companies are inadequate, both in terms of quantity and quality. This impedes the ability of financial institutions to properly price the opportunities and risks associated with climate change, which has significant consequences for Canadian competitiveness and the functioning of Canadian markets. The solutions are complex, but manageable if approached cooperatively, with clarity of intention, and with strong regulatory leadership and support.