Policy Recommendations
We make informed policy recommendations to regulators and other institutions at the provincial and federal levels. Here is a list of our submissions to policymakers.
Comment letter on proposed amendments to the SASB Standards
The International Sustainability Standards Board (ISSB) published two exposure drafts proposing amendments to the SASB Standards and consequential amendments to the Industry-based Guidance on Implementing IFRS S2. The Canada Climate Law Initiative responded to the request for comment on the Exposure Drafts by submitting a comment letter with several suggestions focused on accompanying guidance, disclosures, […]
Read morePRI-CCLI Joint Statement to the Competition Bureau on Bill C-59 Guidelines
The Canada Climate Law Initiative (CCLI) and the Principles for Responsible Investment (PRI) have issued a joint statement to the Competition Bureau of Canada to provide constructive input on the Bureau’s guidance for environmental claims under Bill C-59. The submission reflects perspectives from Canadian investors and issuers who have identified a need for clear, practical […]
Read moreSubmission to Finance Canada as part of its Pre-budget Consultations in Advance of the upcoming 2025 Fall Federal Budget
In alignment with Prime Minister Carney’s call to have “a climate policy that is unifying, credible, and predictable; that reduces emissions, drives investment, and builds the economy of the future”, the following recommendations can amplify federal action in attracting capital towards sustainable economic activities and strengthening Canada’s economy by enhancing the management of climate-related financial […]
Read moreSubmission to BC’s Ministry of Energy and Climate Solutions for the CleanBC Review
The Canada Climate Law Initiative welcomes the opportunity to provide feedback on how British Columbia (BC) can further strengthen its climate ambition by aligning financial and corporate regulation with CleanBC’s objectives. CleanBC—the government’s roadmap to reduce climate-changing emissions by 40% below 2007 levels by 2030—has already delivered a suite of targeted programs, including climate-focused capital […]
Read moreSubmission to the Standing Committee on Finance’s Pre-budget Consultations in Advance of the Upcoming 2025 Fall Federal Budget
The Canada Climate Law Initiative shares recommendations to the Standing Committee of Finance on the upcoming federal budget. We make three recommendations to amplify federal action on climate-related financial risks and opportunities, moving capital towards sustainable economic activities, and strengthening Canada’s economy: 1. Amend Canada Business Corporations Act Regulation SOR/2001-512 to include a new sub-section: […]
Read moreReinforcing Fiduciary Duties, Prudential Oversight and Mandatory Climate Disclosures in CAPSA’s Beyond-2026 Strategic Plan
We commend the Canadian Association of Pension Supervisory Authorities (CAPSA) for its steadfast commitment to coordinating and harmonizing pension regulatory principles across Canada “to improve pension plan administration and support pension plan administrators in meeting their fiduciary duty”. As CAPSA finalizes its next strategic plan, we urge the inclusion of a comprehensive framework that places […]
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