The Canadian Securities Administrators are consulting on a proposed instrument on climate-related matters. The instrument would introduce disclosure requirements for reporting issuers. There is near-universal agreement that climate change, nature and biodiversity are inextricably linked. The climate and biodiversity crises will be solved together, or not at all. Therefore, MNAI submitted input asking that the Administrators define climate risks as including risks to nature, biodiversity and ecosystems, and provide guidance on how risks associated with degradation of natural infrastructure biodiversity and ecosystems should be included in disclosures of climate-related risks. This type of disclosure should not wait until the conclusion of the Task Force on Nature-related Financial Disclosures. Access my letter here.
~ Roy Brooke, MNAI Executive Director