CPA Canada CEO disappointed in pause on climate disclosure rules by CSA

From Yahoo Finance: 2025-04-29 05:50:00

CPA Canada’s CEO Pamela Steer expresses disappointment in the Canadian Securities Administrators’ decision to pause mandatory climate disclosure rules, calling it a setback for market transparency and Canada’s global position. The pause aims to allow time for adjustment to global changes, but Steer emphasizes the importance of consistent sustainability reporting for informed investor decisions. The lack of standardized reporting complicates risk evaluation for investors. Institutional investors believe mandatory reporting could enhance Canada’s appeal in global markets. The pause may allow businesses to strengthen internal reporting capacity, but CPA Canada warns of eroding investor confidence with additional delays. The CSA plans to revisit climate and diversity disclosure projects in the future, keeping an eye on regulatory developments. CPA Canada recently solidified international relations by signing a memorandum of understanding with the Institute of Chartered Accountants of Pakistan, creating a reciprocal membership pathway for accountants.

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