Changes for Canada would include voting policies around board diversity, say-on-pay.
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Today, participating Canadian securities regulatory authorities published the results of their seventh annual review of disclosures relating to women on boards and in executive officer positions, and provided new guidance to help improve the consistency and comparability of this disclosure.
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Institutional Shareholder Services Inc. (ISS) announced the launch of its open comment period on proposed changes to its benchmark voting policies. The open comment period elicits views from governance stakeholders globally with regard to a number of ISS’ proposed voting policy changes for 2022 and beyond, and will run through 5:00 p.m. ET on Tuesday, November 16, 2021.
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As world leaders meet in Glasgow for COP26, the UN global summit to address the critical and urgent issue of climate change, the IFRS Foundation Trustees (Trustees) announce three significant developments to provide the global financial markets with high-quality disclosures on climate and other sustainability issues
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Global securities regulators are likely to move ahead with new standards in 2022.
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Citing their fiduciary responsibility, 36 institutional investors managing $5.5 trillion in assets have signed a new Canadian Investor Statement on Climate Change. The Statement, signed by asset management divisions of five of Canada's largest banks along with major institutional investors such as the Ontario Pension Board, calls on companies to act on material climate risks including through their industry association and lobbying activities.
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On October 18, 2021, the Canadian Securities Administrators (CSA) proposed National Instrument 51-107 Disclosure of Climate-related Matters and its companion policy. As proposed, the rules would come into force on December 31, 2022 requiring reporting issuers, subject to limited exceptions and over a phased-in period, to disclose climate-related information in line with certain recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). This marks a significant step forward in ensuring investors have access to consistent and comparable climate-related disclosure.
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On October 18, 2021, just a few days prior to the opening in Glasgow of COP26, the U.N. Climate Change Conference of the Parties, the Canadian Securities Administrators (CSA) published for comment the Proposed National Instrument 51-107 Disclosure of Climate-related Matters (NI 51-107). Accompanying the draft instrument is the proposed Companion Policy 51-107CP Disclosure of Climate-Related Matters (CP), and two forms — Form 51-107A Climate-Related Governance Disclosure and Form 51-107B Climate-Related Strategy, Risk Management and Metrics and Targets Disclosure. The CSA have invited public comments on both NI 51-107 and the CP generally and specifically (through a set of 18 questions contained in the Notice of Consultation). The comment period will close on January 17, 2022.
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In the vast pool of data, how can investors see the impact their money is making?
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Representatives from 196 countries are gathering in Glasgow for crucial climate talks. Here's what they'll discuss, and why some people are concerned COP26 might not meet its goals.
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