On October 18, 2021, the Canadian Securities Administrators (CSA) published a CSA Notice and Request for Comment (Notice)on proposed National Instrument 51-107 Disclosure of Climate-related Matters (NI 51-107) and its proposed Companion Policy 51-107CP. The publication of the Notice follows an international trend toward mandatory climate-related disclosures in response to an increasing investment focus on climate-related risks.
Learn how new requirements intend to provide consistent, comparable, and decision-useful disclosure by issuers, the disclosure requirements’ transition phase, how the changes could align Canadian disclosure standards with international markets, and more. Read here.
Bill Gilliland is a partner in the Dentons corporate, securities and M&A group in Calgary. His practice focuses on energy infrastructure in capital markets and M&A transactions, as well as board governance generally. Bill is a leader in ESG finance, representing Dentons Canada as a member of the International Capital Markets Association Green Bond Principles since 2014 and also being the only lawyer on the CSA Group’s technical committee developing the made in Canada Transition Finance Taxonomy following the 2019 recommendations of the Federal Government’s Expert Panel on Sustainable Finance.
Ana Cherniak-Kennedy is an associate in the Corporate, Securities, and Mergers and Acquisitions groups of the Dentons Calgary office. She has a general commercial law practice focusing on capital markets, mergers and acquisitions, corporate finance, and corporate governance matters.