Archive

Pension funds, insurers and regulators appointed to Canada taxonomy group

Representatives of Royal Bank of Canada, La Caisse and insurer Co-operators are among members of a newly appointed group to lead development of Canada's 'green and transition' sustainable finance taxonomy.

Long-term climate risk blind spot leads OSFI to plan tests of financial firm models

Canada's federal financial regulator said it will step up assessments of financial institutions' ability to measure and manage "catastrophic and climate-related financial risks" after a climate stress test revealed "important data gaps".

Canadian regulator updates disclosure rules to align with ISSB

Canadian regulator sets Scope 3 emissions disclosure deadline for 2028

Canada's reckoning with climate risks

The country's financial regulator, OSFI, is awaiting climate scenario analysis results, Stéphane Tardif tells Michael Hurley

Canada announces 'green and transition' taxonomy

Canada has committed to publish a sustainable finance taxonomy to guide 'green' and 'transition' investments, which has been cited as an example for resource-intensive economies globally.

Canadian regulator to require climate disclosures, scenario analysis

Canadian banks and insurance companies are to be required to conduct climate-related scenario analysis and disclose climate transition plans from next year.

Canadian regulator unveils ISSB, TCFD reporting requirements

Canada's financial institutions are to be required to provide annual climate disclosures, conduct regular climate scenario analysis and study the impact of climate change on their capital reserves, under regulatory expectations published for consultation.

Mandatory climate disclosure for Canadian banks, insurers from 2024

Canada has confirmed plans to phase-in mandatory Task Force on Climate-related Financial Disclosures (TCFD) reporting for banks and insurers from 2024.

Canada to expand climate disclosure requirements

The climate-related risk disclosure requirements of financial institutions in Canada will expand, the country's financial regulator has said.