In a significant regulatory development, the Canadian Securities Administrators (CSA) has announced a pause on the introduction of new mandatory climate-related and diversity disclosure requirements. The decision comes amid ongoing global economic uncertainty, with the CSA citing a renewed focus on maintaining market competitiveness and economic resilience.
While the rollout is on hold, companies are reminded that climate-related risks must still be disclosed under existing securities laws. Additionally, the CSA confirmed that the current diversity disclosure obligations under National Instrument 58-101 remain in effect.
The CSA emphasized that the pause does not signal a retreat from transparency. Voluntary standards developed by the Canadian Sustainability Standards Board (CSSB), which are closely aligned with international frameworks, remain available for issuers seeking guidance on climate disclosures.
The CSA has committed to revisiting both climate and diversity disclosure initiatives at a future date and will provide issuers with clear notice in advance of any changes.
At EcoActive, we continue to support businesses striving for transparent and sustainable reporting practices—whether mandated or voluntary.
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