Canada’s Securities Commission requires that public companies report on current and future financial and operational effects of environmental and social issues in their financial reporting. In 2010, the Canadian Securities Administrators issued Staff Notice 51-333 Environmental Reporting Guidance to provide guidance to reporting issuers about existing continuous disclosure requirements for environmental matters. This Staff Notice identified areas in the Annual Information Form, Management’s Discussion & Analysis, Corporate Governance Disclosure and Audit Committee Rules where disclosure may be required concerning environmental risks, trends and uncertainties, environmental liabilities, asset retirement obligations, and the financial and operational effects of environmental protection requirements. It also provided guidance on risk oversight and management and materiality, and discussed governance structures around environmental disclosure; and provided examples of acceptable disclosures.
Industry sectors covered by the instrument
Organizations covered by the instrument
All listed companies
Type of instrument
Code of conduct or guideline
Mandatory or voluntary
The geographical scope