Canada Policy
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
Latest policy engagements
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.
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.
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.
PRI response of the Office of the Superintendent of Financial Institutions (OSFI) on Draft Guideline B-15: Climate Risk Management
The PRI welcomes OFSI’s signal to the Canadian and international markets in aligning the B-15 guideline with the most recent TCFD guidance and referencing disclosure against ISSB disclosures. The PRI makes recommendations on greater coordination with ISSB, CSSB, and CSA, as well as ensuring that disclosures are included in financial statements, transition plans aligned with targets, and voluntary scenario analysis.
Webinars
A Legal Framework for Impact: Investing for sustainability impact in Canada
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
Search our policy consultations and letters
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.”
- The PRI is an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact.
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