In the wake of Earth Day, and last month’s exciting announcement that one of the two global International Sustainability Standards Board (ISSB) offices (established to improve the quality and comparability of international corporate ESG reporting on ESG factors) was awarded to Montreal, we're thrilled to share our latest thought leadership paper: Canada's Position in the Global ESG Movement. In this paper, our experts share their insights and perspectives on the current Canadian ESG landscape and the evolution of ESG disclosure and offer opportunities for your organization to be a part of the solution.
ESG standards and regulatory developments in Canada, the US, and Europe, are discussed alongside efforts toward developing a common standard in the complex ESG ecosystem. The paper examines what is missing from ESG in Canada, and discusses the three main challenges of implementing ESG programs:
Leadership must set the tone, vision, and scope and it must be successfully communicated and permeate throughout the organization
Data challenges of quality, availability, usability, comparability, and workflow integration must be overcome
Compliance and risk management practices must evolve and adjust with the implementation of these significant change programs.
Our experts explore the question of what the future holds for ESG and discuss what Canada needs to focus on next. Technology providers and RegTechs are part of that solution, as corporates and investors both require solutions to collect, track, and report on the vast amount of data.
When asked, what does Canada need to do to move the needle forward? Eleanor Morrison, co-author of the paper said: “Canada has a unique opportunity to show the world how to use ESG tools to support the transition from a fossil fuel focused economic model to a greener, natural resource supported economic model that engages a diverse civil society and innovates technological solutions.”
Donna Bales, Founder of the CRTA and co-author commented, “The industry needs to work collaboratively and creatively to make ESG data freely accessible and easy for end users to consume while keeping the cost of compliance in check.”
This paper follows our November session, Raising the Bar for ESG disclosure, available to view here, where our panelists discuss the importance of data in investment decision-making and how the lack of consistent, comprehensive, and reliable reporting standards inhibits this decision-making.
A special thank you to our contributors who donated their time, energy, and expertise to this paper: Barbara Amsden, Principal, PQbd; Matthew Ayearst, Director, Consulting Expert, Sustainability (ESG), Global Wealth and Capital Markets, CGI; Donna Bales, Founder, The Canadian Regulatory Technology Association; Laurie Clark, Chief Executive Officer, Onyen Corporation; Martijn Groot, Vice President, Marketing and Strategy, Alveo Technology; Chantal Guay, Chief Executive Officer, Office of the Standards Council of Canada; Marissa Hill, I Ally Karmali, Partner, ESG Practice, KPMG; Stephen Lund, Chief Executive Officer, Toronto Global; Eleanor Morrison, Technology Executive, TD Securities; and Katie Walmsley, President, Portfolio Management Association of Canada
ESG standards and regulatory developments in Canada, the US, and Europe, are discussed alongside efforts toward developing a common standard in the complex ESG ecosystem. The paper examines what is missing from ESG in Canada, and discusses the three main challenges of implementing ESG programs:
Leadership must set the tone, vision, and scope and it must be successfully communicated and permeate throughout the organization
Data challenges of quality, availability, usability, comparability, and workflow integration must be overcome
Compliance and risk management practices must evolve and adjust with the implementation of these significant change programs.
Our experts explore the question of what the future holds for ESG and discuss what Canada needs to focus on next. Technology providers and RegTechs are part of that solution, as corporates and investors both require solutions to collect, track, and report on the vast amount of data.
When asked, what does Canada need to do to move the needle forward? Eleanor Morrison, co-author of the paper said: “Canada has a unique opportunity to show the world how to use ESG tools to support the transition from a fossil fuel focused economic model to a greener, natural resource supported economic model that engages a diverse civil society and innovates technological solutions.”
Donna Bales, Founder of the CRTA and co-author commented, “The industry needs to work collaboratively and creatively to make ESG data freely accessible and easy for end users to consume while keeping the cost of compliance in check.”
This paper follows our November session, Raising the Bar for ESG disclosure, available to view here, where our panelists discuss the importance of data in investment decision-making and how the lack of consistent, comprehensive, and reliable reporting standards inhibits this decision-making.
A special thank you to our contributors who donated their time, energy, and expertise to this paper: Barbara Amsden, Principal, PQbd; Matthew Ayearst, Director, Consulting Expert, Sustainability (ESG), Global Wealth and Capital Markets, CGI; Donna Bales, Founder, The Canadian Regulatory Technology Association; Laurie Clark, Chief Executive Officer, Onyen Corporation; Martijn Groot, Vice President, Marketing and Strategy, Alveo Technology; Chantal Guay, Chief Executive Officer, Office of the Standards Council of Canada; Marissa Hill, I Ally Karmali, Partner, ESG Practice, KPMG; Stephen Lund, Chief Executive Officer, Toronto Global; Eleanor Morrison, Technology Executive, TD Securities; and Katie Walmsley, President, Portfolio Management Association of Canada