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Canada Pauses Mandatory Climate Disclosure Rules

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Recently, the Canadian Securities Administrators (the umbrella organization of Canada's provincial securities regulators) announced that it would pause the development of certain sustainability reporting initiatives,...more

Blake, Cassels & Graydon LLP

Les ACVM suspendent leurs initiatives sur l’information liée au changement climatique et à la diversité

Le 23 avril 2025, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont annoncé qu’elles suspendaient les travaux qu’elles avaient entrepris pour élaborer ou renforcer certains règlements sur la communication de...more

Bennett Jones LLP

CSA Announces Pause on Climate-Related and Diversity-Related Disclosure Projects in Response to Global Market Uncertainty

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The Canadian Securities Administrators (CSA) has announced a pause to its work on developing new mandatory climate-related disclosures and amending diversity-related disclosure requirements, in light of recent significant...more

Davies Ward Phillips & Vineberg LLP

Disclosure Interrupted: CSA Pauses Climate and Diversity Disclosure Rules

The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order “to support Canadian markets and issuers as they adapt to the recent developments in the U.S....more

Blake, Cassels & Graydon LLP

Canadian Sustainability Standards Board Publishes Inaugural Sustainability Disclosure Standards

On December 18, 2024, the Canadian Sustainability Standards Board (CSSB), which has been working since June 2023 to advance the adoption of sustainability standards in Canada, released its inaugural Canadian Sustainability...more

Blake, Cassels & Graydon LLP

Commentaires des ACVM sur l’information fournie par les émetteurs assujettis au sujet de l’IA et du changement climatique

Le 7 novembre 2024, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié l’Avis 51-365 du personnel des ACVM, Activités du programme d’examen de l’information continue pour les exercices terminés les 31...more

Blake, Cassels & Graydon LLP

Stay Clean, Don’t Wash: CSA Comments on Artificial Intelligence and Climate Disclosures

On November 7, 2024, the Canadian Securities Administrators (CSA) released CSA Staff Notice 51-365 Continuous Disclosure Review Program Activities for the Fiscal Years Ended March 31, 2024, and March 31, 2023 (Notice). The...more

Blake, Cassels & Graydon LLP

Pas de pause estivale pour les ACVM – Développements en droit des valeurs mobilières

Les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont récemment fait le point sur diverses initiatives en cours concernant les obligations d’information continue et les dépôts de prospectus des émetteurs...more

Blake, Cassels & Graydon LLP

No Summer Break for the CSA – Selected Securities Law Developments

The Canadian Securities Administrators (CSA) recently provided updates on various outstanding initiatives concerning continuous disclosure obligations and prospectus filings in respect of non-investment fund reporting...more

Stikeman Elliott LLP

CSSB Releases Proposed Canadian Sustainability Disclosure Standards

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On March 13, 2024, the Canadian Sustainability Standards Board (“CSSB”) released proposed Canadian sustainability disclosure standards (the “CSSB Standards”) that are modelled after the sustainability disclosure standards...more

Stikeman Elliott LLP

CSA Welcome Release by ISSB of Global Sustainability Disclosure Standards

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On June 26, 2023, the International Sustainability Standards Board (“ISSB”) released its first two sustainability disclosure standards (the “ISSB Standards”), IFRS S1 General Requirements for Disclosure of...more

Blake, Cassels & Graydon LLP

ACVM : mise à jour des obligations d’information liée au changement climatique

CONTEXTE - Comme nous l’avons mentionné dans notre Bulletin Blakes d’octobre 2021 intitulé Les ACVM lancent une consultation sur les obligations d’information liée au changement climatique, le 18 octobre 2021, les...more

Blake, Cassels & Graydon LLP

CSA Provides Update on Proposed Climate-Related Disclosure Rules

BACKGROUND - As we reported in our October 2021 Blakes Bulletin: CSA Seeks Comments on Climate-Related Disclosure Rules, on October 18, 2021, the Canadian Securities Administrators (the CSA) issued a notice and request for...more

Stikeman Elliott LLP

CSA Provide Disclosure Guidance to Investment Funds Engaged in ESG Investing

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On January 19, 2022, the Canadian Securities Administrators (CSA) published CSA Staff Notice 81-334 (the “Staff Notice”) to provide guidance to investment funds (funds) relating to environmental, social and governance (ESG)...more

Blake, Cassels & Graydon LLP

Les ACVM lancent une consultation sur les obligations d’information liée au changement climatique

Récemment, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié un avis de consultation à l’égard du projet de Règlement 51-107 sur l’information liée aux questions climatiques (le « projet de règlement...more

Bennett Jones LLP

Proposed New Climate-Related Disclosure Requirements

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On October 17, 2021, the Canadian Securities Administrators (CSA) published proposed National Instrument 51-107: Disclosure of Climate-related Matters (NI 51-107) for comment. The proposed rules would expand on the CSA's...more

Blake, Cassels & Graydon LLP

CSA Seeks Comments on Climate-Related Disclosure Rules

The Canadian Securities Administrators (the CSA) recently issued a notice and request for comment on proposed National Instrument 51-107 – Disclosure of Climate-related Matters (the Proposed Instrument) and its companion...more

Bennett Jones LLP

CSA Staff Notice Provides Guidance on Climate Change-Related Risk Disclosure

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On August 1, 2019, the Canadian Securities Administrators (CSA) issued CSA Staff Notice 51-358: Reporting of Climate Change-related Risks (the "Notice") that provides guidance on risk identification and disclosure by...more

Bennett Jones LLP

Litigating Securities Fraud in the Climate-Change Era

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Climate change disclosure is receiving greater attention from Canadian public companies and their investors. As various legal claims begin to shape the world of climate change litigation, both in and outside of Canada,...more

Bennett Jones LLP

Securities Regulators Anticipate Greater Requirements on Climate Change Disclosure

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On April 5, 2018, the Canadian Securities Administrators (CSA) published CSA Staff Notice 51-354 Report on Climate change-related Disclosure Project, which reports the findings of their project to review disclosure by...more

Blake, Cassels & Graydon LLP

Highlights from CSA’s Report on Climate Change-Related Disclosure Project

The Canadian Securities Administrators (CSA) recently released Staff Notice 51-354 – Report on Climate change-related Disclosure Project (Report), providing the results of their review of climate change-related disclosure...more

Bennett Jones LLP

Institutional Investors Call for Increased, Standardized, Climate-Related Disclosures

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On October 26, 2017, 30 Canadian financial institutions representing $1.2 trillion in investment assets (the Signatories), including Desjardins and Vancity, issued a declaration (the Declaration) of commitment to advancing...more

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