Canada Policy | PRI

As a G7 leader, Canada aims to advance its key domestic and international priorities, which span gender equality, peace and security, climate change and building a sustainable global economy.

Since 2015, Canada has committed to the 2030 Agenda on Sustainable Development, signed the Paris Agreement, legislated the Net-zero Accountability Act and adopted the United Nations Declaration on the Rights of Indigenous Peoples.

The PRI continues to advocate for greater policy coherence in Canada, focusing on the high-level priorities of fiduciary duty, mandatory climate disclosure and the development of a transition taxonomy to improve alignment of Canada’s capital markets with its domestic and international sustainability commitments.

Key publications

Canada: Integrating sustainability goals across the investment industry

2023-02-13T13:50:00+00:00

Latest policy engagements

PRI response to the Canadian Competition ’s consultation on new greenwashing provisions in the Competition Act

Canada: The PRI supports the Competition Bureau’s intention to address the issue of greenwashing as global economic markets transition to a lower-carbon economy. It is in the public interest of Canadians to improve the marketplace of information on sustainability-related commitments, and support both consumers and businesses. Substantive guidance is needed ...

PRI response to CSSB consultation on the proposed Canadian Sustainability Disclosure Standards and Criteria for Modification

Canada: The PRI supports the proposed Canadian Sustainability Disclosure Standards (CSDS 1 and CSDS 2) as they reflect the ISSB Standards as a baseline for reporting. Our response recommends that relief provisions remain in line within those set out for IFRS S1 and S2, the disclosure of Scope 3 GHG ...

Canadian Association of Pension Supervisory Authorities (CAPSA) consultation on its revised draft Guideline for Pension Risk Management

The PRI outlines support for the revised guideline, and recommends the explicit inclusion of setting, pursuing and reporting progress on sustainability goals at the portfolio level, aligned with investment beliefs.

See response

The Canadian Securities Administrators (CSA) consultation on Proposed Amendments to Corporate Governance Disclosure Guidelines

The PRI’s response supports the CSA’s intention to mandate corporate governance disclosure requirements of non-venture issuers to include aspects of diversity beyond the representation of women on boards and in executive officer positions, and makes a series of recommendations, including alignment with DEI metrics in the CBCA, and the consolidation and streamlining of the various corporate disclosure forms to develop a wider, holistic corporate sustainability disclosure regime built upon the formal adoption of ISSB Standards S1 and S2.

See response

The PRI responds to CAPSA’s draft Guideline: ESG Considerations in Pension Plan Guideline

The PRI welcomes the opportunity to provide comment on the Canadian Association of Pension Supervisory Authorities’ draft ESG guideline, providing recommendations on the scope of relevant sustainability information, adequate disclosure, and appropriate action to be considered as part of pension administrators’ legal duties to provide a pension.

See response

Webinars

A Legal Framework for Impact: Investing for sustainability impact in Canada

2021-12-01T16:00:00+00:00

In this session speakers will then discuss investor purpose, how Canadian investors are currently investing for sustainability impact, and what changes in the regulatory environment would facilitate greater sustainable and inclusive economic growth in Canada.

Further resources

Policy reports
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Consultations and letters
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A Legal Framework for Impact
It is crucial that assessing and accounting for sustainability impact becomes a core part of investment activity. That’s why PRI, UNEP FI and The Generation Foundation are leading our work programme “A Legal Framework for Impact.”