Duty to Protect: Corporate Directors and Climate-Related Financial Risk

Authors

Janis P. Sarra, Allard School of Law at the University of British ColumbiaFollow

Author Notes

Emeritus Faculty [Janis P. Sarra]

Files

Description

Climate Risk Reporting Needs Clarity to Succeed

• Amid growing calls from regulators, financial standard organizations and institutional investors, Canadian corporations face pressure to adopt transparent climate-risk reporting. But first, they need greater clarity on the metrics and standards involved.
• Author Janis Sarra recommends that Canada clarify and adopt mandatory uniform reporting on climate metrics and finance, so that corporate officers and directors can offer investors information that is transparent, comparable year over year and comparable between companies in a sector.
• Governments can also provide more clarity through legislative reforms to further support directors in the transition to a low-carbon economy.

[From Duty to Protect: Corporate Directors and Climate-Related Financial Risk – C.D. Howe Institute]

Publication Date

2021

Publisher

Thomson Carswell

City

Toronto