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

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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...

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.

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. 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.

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