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

  • 📰 SooToday
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 85%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

CALGARY — 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Small-cap companies not ready for climate disclosure rules: TMX Group CEOThe 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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »