The Canada Climate Law Initiative (CCLI) today released a report summarizing the 131 submissions the lobby group made to the Canadian Securities Administrators (CSA) on the proposed National Instrument 51-107 Disclosure of Climate-related Matters (NI 51-107).
According to its authors, the report reveals strong support for strengthening Canadian securities law to require more effective governance of climate-related financial risks.
Of the 131 submissions made in the report, 27 were made by investors, 96% of which are institutional investors with $21 trillion in assets under management. The submissions from issuers included companies in the energy, mining, automotive, agricultural, commodities, and financial services sectors. Sixteen industry associations made submissions and 64 submissions were made by a range of third parties, including foundations, law firms, accounting and actuarial organizations, financial services providers, and civil society organizations.
The complete report by the Canada Climate Law Initiative can be downloaded here.
For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601-1004.
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