1. Business Risk from Climate Change Now Top of Mind For Canada's Corporate Boards

    Business Risk from Climate Change Now Top of Mind For Canada's Corporate Boards

    "There aren't defined standards on exactly what companies should be measuring and how to measure it and how to report on it," says Andrew MacDougall, a partner at Osler, Hoskin & Harcourt LLP who specializes in corporate governance . "The practices tend to vary between issuers, not only in terms ...

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    1. That's what I think is going to be required for investors like us to benefit from the opportunities and protect ourselves from the risks that are obvious here.
    2. It's a risk that we could be left holding the bag in a Minsky Moment and it could be quite costly.
    3. Although we have had a climate action plan since 1997, 2017 was the first year that we released a report outlining the long-term resilience of our strategy.
    4. There aren't defined standards on exactly what companies should be measuring and how to measure it and how to report on it.
    5. We look at the best ones, the ones that are most applicable.
    6. We have leading companies, and institutions that are leaders globally, but in aggregate, we are big laggards.
    7. I think virtually every company is exposed to some degree.
    8. Our license to operate depends on us having strong environmental policies, making sure our people go home safe every day, paying attention to human rights and just general corporate social-responsibility issues.
    9. These public reports have improved the transparency and accountability of the company's stewardship of the environment.
    10. Currently, reporting issuers in Canada are required to disclose material risks, which may include risks associated with climate change, among other environmental matters, in their periodic disclosure.
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