Auditor recommends OSFI sets clearer guidance about the information banks must report in their transition plans
The goal is to create a common language for the issuance of financial instruments
Proposals would require decarbonization targets to be disclosed, among other revisions
Lawsuits, rising regulatory, reputation risk could accelerate economic transition
Investors and supervisors need data on underlying assets, regulators say
Growing share of global companies to confront rising transition risks
Regulator issues initial guidance targeting financial firms' climate risk management, governance
Reforms are needed to enhance productivity and meet climate targets, group says
Transition risk, rather than physical risk, will be the focus
Trading activity fell in 2022, but the cost of emissions kept rising, Refinitiv reports