The Ontario Securities Commission (OSC) recently published Insights on the OSC Staff’s Approach to Sustainable Finance (the SF Insights), which builds on the work the regulator has done around sustainable finance and sets its approach for the coming years. The approach is shaped by the regulator’s recently announced strategic plan and takes a “climate-first” approach.
Publication of the SF Insights furthers the OSC’s core objective of building transparency and trust in the sustainable finance ecosystem as the regulator aims to support investors and the regulated community in adapting to both emerging opportunities and risks in this area. It also emphasizes that the regulator will take a holistic approach to sustainable finance to address the needs of our stakeholders. The SF Insights also reflect the ESG (environmental, social, and governance) – related risks market participants increasingly face.
The SF Insights sets out three pillars:
- Protecting investors and contributing to thriving capital markets through effective and timely regulation, compliance oversight and education.
- Demonstrating thought leadership and seeking to be an influential and trusted voice in sustainable finance regulation.
- Anticipating what’s next in the rapidly evolving area of sustainable finance.
Insights on the OSC Staff’s Approach to Sustainable Finance is available for download from the website of the Ontario Securities Commission.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
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