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. As financial disclosures fall under the CBCA’s remit, it is the proper vehicle through which to make these changes.