Tag Archives: banks

OSFI Guideline B-15 Climate Risk Management now in force
Mar 28th, 2023

The Office of the Superintendent of Financial Services (OSFI) issued its final Guideline B-15 Climate Risk Management in March 2023. It applies to all federally regulated financial institutions (FRFI), including more than 350 banks and insurance companies.

New report offers bank directors guidance on effective governance for Canada’s transition to a net-zero economy
Oct 20th, 2022

Banking on a Net-Zero Future: Effective Climate Governance for Canadian Banks provides a comprehensive guide to the current state of the law, the risks and opportunities associated with climate change for the financial sector, best practice guidance developed in Canada and globally on oversight and governance, and a snapshot of the kinds of decisions bank boards are making on their pathway to net-zero emissions.