Small-cap companies not ready for climate disclosure rules: TMX Group CEO

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 50%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The CEO of the company that operates the Toronto Stock Exchange says most of this country's small- and mid-sized companies are unprepared for expected new climate disclosure requirements.

Canadian securities regulators are currently considering adopting a new rule that would require publicly traded companies in Canada to disclose to investors a range of information related to climate change and their company's environmental impact.

These new rules could include requirements to report all of a company's greenhouse gas emissions, including those they produce indirectly, such as when a customer uses their product. The rules could also require companies to disclose the risk posed by climate change and the energy transition to their business.

John McKenzie, CEO of TMX Group, said Thursday at an Alberta Securities Commission conference that smaller publicly traded companies in Canada don't have the capacity, capability or resources to provide that level of detail. He says the initial rollout of climate disclosure rules in Canada will need to provide exemptions for small-cap issuers, as well as generous time frames for larger companies to come into compliance with some of the more challenging requirements.Two members of the billionaire family that controls Rogers Communications Inc.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Small-cap companies not ready for climate disclosure rules: TMX Group CEOCALGARY — The CEO of the company that operates the Toronto Stock Exchange says most of this country's small- and mid-sized companies are unprepared for...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »