CSA to review climate change disclosures

TORONTO — The regulators of Canada’s stock markets are taking a fresh look at how publicly traded companies disclose the risks and financial effects associated with climate change.

The Canadian Securities Administrators, which represents the country’s provincial and territorial stock regulators, says it wants to gather information on the current state of disclosure both at home and internationally.

Canadian publicly traded companies are required to disclose material risks, which may include the impact of climate change or other environmental matters.

However, the CSA notes that the Financial Stability Board — which sets voluntary standards on a global scale — proposed a new framework for disclosures in December.

Nicole Tuncay of the Alberta Securities Commission said there have been no substantive changes to disclosure obligations as they relate to climate change since October 2010.

CSA staff will consult investors and companies that are required to report important information and report its findings upon completing the review.

“As a securities regulator, we want to ensure investors have the information they need to make informed investment decisions,” Tuncay said in an email.

“Over the coming months, we will be gathering information to help us better assess this, reviewing the climate change-related disclosure of large TSX-listed reporting issuers and gathering feedback from reporting issuers about current disclosure practices.”

Bank of Canada deputy governor Timothy Lane warned earlier this month that the economy and financial system could face “material and pervasive” impacts from climate change.

The Canadian Press

Just Posted

Accused murderer tells all to Mr. Big undercover officer

Joshua Frank tells undercover police officer he shot the Klaus family

Central Alberta Child Advocacy Centre prepares to open

Non-profit will run the facility and agencies will provide staff

A slow economic recovery isn’t yet loosening Central Alberta’s tight job market

Job-seekers at Red Deer fair say there are still few openings

Rocky Mountain House man arrested for child luring

A 30-year-old Rocky Mountain House man was arrested after allegedly having explicit… Continue reading

Parkinson association will close offices but maintain services

Offices closing in Red Deer, Medicine Hat and Lethbridge

WATCH: Central Middle School students’ Christmas tree

A group of Central Middle School students are set to show off… Continue reading

Red Deerian honours her brother who died in a motorcycle collision

Houaida Haddad is encouraging Red Deer residents to donate blood

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

100+ Women Red Deer donate to Christmas Bureau

About $14,000 will help with Christmas hampers and toys

Semi collides with vehicle on Highway 2 north of Ponoka

Members of the Ponoka Integrated Traffic Unit dealt with a call on Highway 2 north of Ponoka

After 70 years, Red Deer veteran still remembers his traumatic war experience

Frank Krepps feels lucky to have survived the Second World War

Merritt Mountie charged with assault

Charges are in relation to an incident in May at the detachment, B.C. Prosecution Service said

Blackfalds RCMP arrest “armed and dangerous” man

A 38-year-old man, who police identified as armed and dangerous, was arrested… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month