On December 11, 2025, Alberta passed amendments to the Securities Act, authorizing regulations that provide safe harbour protections for climate-related disclosures. This legislative shift aligns securities law with ESG realities, encouraging transparency while reducing liability for good-faith efforts.
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In response to regulatory pressures in the US and shifting stewardship priorities among their clients including in respect of ESG matters, in October 2025, both Glass, Lewis & Co. (Glass Lewis) and Institutional Shareholder Services Inc. (ISS) announced a shift in their global proxy voting policies away from standardized benchmark proxy voting recommendations to customized recommendations tailored to each investor’s priorities, including in respect of DEI and environmental matters.
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