Amid the backdrop of evolving climate change trends and developments in Canada and worldwide, we decided it was an opportune time to survey the climate disclosure practice of 220 of Canada’s largest public companies.
We surveyed constituents of the S&P/TSX Composite Index to provide insights into the disclosure practices of some of Canada’s largest companies. The results were revealing—with several key takeaways:
The rise in climate disclosure practices comes at a time of economic turbulence, climate policy shifts and political uncertainty. In the absence of clear, broadly applicable disclosure rules, market practice remains mixed and forward-looking trends are uncertain. Only time will tell whether the advent of Canadian climate disclosure rules will lead to standardized reporting and increased transparency, or if countervailing political pressures or concerns about “greenwashing” liability will continue to muddy the waters.
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