Canada Climate Law Initiative

Sonia li T., Director of the Canada Climate Law Initiative, made the following statement in response to the Canadian Sustainability Standards Board (CSSB) newly released sustainability and climate disclosure standards: "We are pleased to see the CSSB issue final sustainability and climate-related reporting standards. It is an important step towards advancing harmonization and comparability and aligning Canada’s efforts with the global baseline. However, we are disappointed to see the CSSB has included an additional year for the reporting of scope 3 emissions. Scope 3 greenhouse gas emissions (GHG) make up a significant part of many Canadian entities’ total GHG emissions inventory, risks, and opportunities within their value chains. Effective climate action requires measuring and reducing scope 3 emissions. The CSSB has delayed progress by not requiring Canadian entities to disclose their scope 3 emissions until January 1, 2028. The delay is against both the public interest and the interests of investors. It affects the investors’ ability to assess how companies are managing their emissions. This delay will result in Canadian entities falling further behind other jurisdictions and creating missed opportunities to attract investment. Canadian companies have now known for years that they will be required to collect these data. Two years of relief is enough time, as there have been many years of guidance on climate-related disclosure and methodologies." https://lnkd.in/gwZPXtnW

Canada has just six years to meet ambitious 2030 climate targets. We are working to accelerate the transition to a net-zero emissions economy. Our Annual Report for 2023-2024 outlines our progress and our initiatives towards this goal. View the digital report here: https://lnkd.in/g2TkqDgZ

La part de marché des actifs sous gestion issus de l’investissement responsable au Canada a considérablement augmenté, selon les dernières conclusions du Rapport de tendances de l’investissement responsable canadien de 2024. Publié aujourd’hui par l’Association pour l’investissement responsable (AIR), le rapport suit les tendances nationales et les perspectives de l’IR, qui désigne les investissements intégrant des facteurs environnementaux, sociaux et de gouvernance (ESG) dans le processus de sélection et de gestion. https://lnkd.in/g_RUA6A2 Responsible Investment Association

Long-term investors who overlook sustainability outcomes or systemic risks may be neglecting crucial factors that are essential for protecting the investments of their beneficiaries or clients. For this reason, institutional investors are increasingly undertaking investing for sustainability impact. This shift is driven by evolving investor practice, changes in policy and regulations, and a growing recognition of the systemic risks and opportunities associated with issues such as climate change, biodiversity loss, and human rights. This guide introduces a four-part framework for investors to implement investing for sustainability impact: https://lnkd.in/gs6xUMan Principles for Responsible Investment

The market share of responsible investment assets under management in Canada has grown significantly, according to the latest findings from the 2024 Canadian Responsible Investment Trends Report. Released by the Responsible Investment Association, the report tracks the national trends and outlook for RI, which refers to investments that incorporate environmental, social and governance factors into the selection and management process. https://lnkd.in/gmEyNvpb

Dependable board oversight, integrated climate strategies, adequate risk management, honest targets and metrics, and consistent and comparable disclosures should now be a usual part of business for mining companies in Canada. While major mining companies have already implemented considerable climate governance practices and sustainability initiatives, they are well placed to accomplish more in their journey to net-zero. This guide by Helen Alexandra Joan Tooze, PhD recognizes five key areas where major mining companies can progress to the next level of climate governance: https://lnkd.in/gFcAgzgN

We are pleased to see more jurisdictions adopting ISSB standards, including Canada (with some modifications): https://lnkd.in/e_D5euts

Sonia li T., Directrice de l’Initiative Canadienne de droit climatique, a fait la déclaration suivante en réponse aux normes d’information sur la durabilité du Conseil canadien des normes d’information sur la durabilité (CCNID): « L’Initiative canadienne de droit climatique est ravie de voir le CCNID publier les normes finales d’information sur la durabilité. Il s’agit d’une étape importante pour faire progresser l’harmonisation et la comparabilité et pour aligner les efforts du Canada sur la référence mondiale. Cependant, nous sommes déçus de voir que le CCNID a inclus une année supplémentaire pour la divulgation des émissions du champ d’application 3. Les émissions de gaz à effet de serre (GES) du champ d’application 3 représentent une part importante de l’inventaire total des émissions de GES de nombreuses entités canadiennes, ainsi que des risques et des opportunités au sein de leur chaîne de valeur. Pour agir efficacement sur le climat, il faut mesurer et réduire les émissions du champ d’application 3. Le CCNID a retardé les progrès en n’exigeant pas des entités canadiennes qu’elles divulguent leurs émissions du champ d’application 3 avant le 1er janvier 2028. Cet allègement transitoire va à l’encontre de l’intérêt public et de l’intérêt des investisseurs. Il affecte la capacité des investisseurs à évaluer la manière font les entreprises gèrent leurs émissions. Il aura pour effet de creuser le retard des entités canadiennes par rapport à d’autres juridictions et de créer des occasions manquées d’attirer des investissements. Les entreprises canadiennes savent depuis des années qu’elles devront collecter ces données. Deux années de répit sont suffisantes, car il y a eu de nombreuses années fournissant des lignes directrices sur la divulgation et les méthodologies liées au climat. » https://lnkd.in/gCXG6mUu

"Every single climate goal is at risk if we don’t have a workforce prepared to deliver the change we urgently need. Our data reflects policymakers’ power to shape green talent demand and supply." -Sue Duke, VP of Public Policy & Economic Graph, LinkedIn Our climate risk and ESG program begins January 27th. Complete the course in just 8-weeks, online at The University of British Columbia. Sustainability skills will pave the path toward climate goals and economic prosperity: https://lnkd.in/gyQ8rd9k

"Essential to the Canadian Securities Administrators (CSA) - Autorités canadiennes en valeurs mobilières (ACVM) mission is to "foster fair, efficient and vibrant capital markets". Given the "wait and see" approach the CSA appears to be taking over the past three years, and how important is the adoption of National Instrument 51-107 is to Canadian investors, one can question whether the CSA is adequately fulfilling its mission." https://lnkd.in/guSSESm2 Sonia li T., Catherine McCall, Environmental Finance