On July 29, 2024, the Alberta Securities Commission (ASC) published its annual Alberta Capital Market report (Report), analyzing the province’s capital market in 2023 and contextualizing its performance in relation to Canada’s other major markets.
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ESG leaders and CSOs are facing challenges today like never before. Externally, the increasing political polarization of sustainability is forcing leaders to find a delicate balancing act between demonstrating a commitment to ESG and explaining why that commitment genuinely matters and the financial rewards it will bring. Internally, with economic uncertainty hanging over the world economy, it’s up to those tasked with driving forward ESG strategies to get results while also ‘speaking the language’ of their boardroom colleagues – from the CEO to CFO and CTO.
Communicating the challenges and opportunities of sustainability and getting C-suite buy-in is becoming a combination of art and science, but getting it right today is more important now than ever before.
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Recent changes to Canada's competition law regarding greenwashing have created uncertainty with investors and issuers in the financial markets.
As these changes were unfolding, Millani was conducting its semi-annual Institutional Investors Sentiment Study, and as such, captured the diverse reactions of the investment community. These findings have been summarized in Millani's latest briefing note.
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Last year, investors rewarded companies for going all in on AI. Now they’re worried about it.
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The Canadian Securities Administrators (CSA) today published Notice and Request for Comment on proposed amendments and changes to certain National Instruments and Policies to address several matters, including the creation of a Senior Tier by the Canadian Securities Exchange (CSE).
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The International Accounting Standards Board (IASB) today published a consultation document, proposing eight examples to illustrate how companies apply IFRS Accounting Standards when reporting the effects of climate-related and other uncertainties in their financial statements.
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Interoperability mapping between TNFD Disclosure Recommendations and GRI Standards now available.
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How should securities registrants approach the new Competition Act provisions on greenwashing?
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On July 12th, 2024, the European Union’s Artificial Intelligence Act (the “AI Act” or the “Act”) was published in the Official Journal of the European Union, making it the world’s first comprehensive legislation regulating artificial intelligence (“AI”) technologies. The AI Act will apply to any business or organization developing or using AI tools in Europe and will enter into force across all Member States on August 1st, 2024. The coming into force of the AI Act will occur in stages, with different implementation periods for specific provisions. The majority of provisions will become effective on August 2nd, 2026.
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