ESG Reporting: New SEC Regulations and what it means for Canadian Businesses
In March 2022, the US Securities and Exchange Commission (SEC) announced plans to improve and standardize environmental, social & governance (ESG) data reporting for investors. A final rule is expected sometime in 2023, as is a proposal for enhanced human capital disclosures.
Although ESG data disclosure and reporting isn’t currently legally required in Canada, there are compelling reasons to do so including:
- Demonstrating accountability by publicly communicating targets such being net zero, human rights and indigenous reconciliation
- Differentiating oneself in front of investors who are increasingly interested in company commitments to ESG principles
- Attracting and retaining talent. Employees and future employees are increasingly interested in what employers are doing regarding ESG.
Canadian organizations will want to pay attention to what is becoming the international standard. Even if this standard isn’t immediately or directly applicable, it will be a model for how other regulations will be shaped or ultimately adopted.
Greater Vancouver Board of Trade’s Scale-up Centre for SMEs invites you to join us for this conversation under our Impact Series to understand how and why businesses should consider standardizing and reporting on their ESG data.
Panel Discussion:
Bill Adams, Vice President, Sustainability and Innovation, Mercer International
Steven Figner, CEO, Decision Point Advisors
Tessa Jordan, Program Head, Sustainable Business Leadership, BCIT School of Business & Media
Moderator: Doug Steele, Chief Operating Officer, Decision Point Advisors
Presenting Sponsor:
Scale-up Centre for SMEs (SCS) Signature Partner:
Scale-up Centre for SMEs (SCS) Supporting Sponsors:
Scale-up Centre for SMEs (SCS) Community Partners:
