CBA National, "Canada’s balancing act on climate disclosure rules"
The article covers proposed climate-related disclosure requirements in Canada, the U.S. and Europe:
The Canadian Securities Administrators (CSA) was ahead of many of its peer agencies when it released its proposed climate-related disclosure requirements for consultation way back in October 2021. But the world has moved on since then. To many observers, the CSA’s proposals now look timid compared to what’s on offer in the U.S. and Europe.
“In the global scheme of things, the Europeans have always been way out in front on this,” said Bruno Caron, a partner in the Capital Markets & Securities Group at Miller Thomson in Montreal specializing in climate risk governance and an expert panel member for the Canadian Climate Law Initiative. “They’re taking an approach that assumes disclosure alone is not enough — that action to green the economy must be forced.”