IIAC COMMENTS ON PROPOSED NATIONAL INSTRUMENT 51-107 DISCLOSURE OF CLIMATE-RELATED MATTERS
The IIAC supports the Proposed National Instrument 51-107 Disclosure of Climate-Related Matters. This national instrument will provide more clarity to investors by aligning Canadian disclosure standards with international standards and assist investors in making more informed investment decisions. This will be achieved by enhancing climate-related disclosures and mandating a disclosure regime that aligns with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.
We recognize that not all issuers will have the resources and/or expertise to undertake this heightened level of disclosure. Smaller firms could be given the opportunity to use qualitative or narrative scenarios. A phased implementation timeline would also be welcomed.
Click here to read our comment letter.
For more information, please contact Todd Evans.