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January 28, 2021

Climate Risk Reporting Needs Clarity to Succeed

  • Amid growing calls from regulators, financial standard organizations and institutional investors, Canadian corporations face pressure to adopt transparent climate-risk reporting. But first, they need greater clarity on the metrics and standards involved.
  • Author Janis Sarra recommends that Canada clarify and adopt mandatory uniform reporting on climate metrics and finance, so that corporate officers and directors can offer investors information that is transparent, comparable year over year and comparable between companies in a sector.
  • Governments can also provide more clarity through legislative reforms to further support directors in the transition to a low-carbon economy.
Janis Sarra
Janis Sarra

Janis Sarra is Professor of Law, University of British Columbia Peter A. Allard School of Law, and Principal Co-Investigator, Canada Climate Law Initiative, a collaboration of UBC, York University, and Oxford University Smith School of Business, UK.