This briefing considers what Canada can learn from Hong Kong’s sustainability disclosure roadmap, not as a model to replicate, but as an example of how clearer sequencing, proportionality, guidance and capacity-building can support more effective implementation.
Canada already has important building blocks in place, including existing securities-law obligations, the Canadian Sustainability Disclosure Standards and OSFI’s climate-risk expectations for federally regulated financial institutions. A clearer pathway would help connect these elements and support more consistent, decision-useful and internationally aligned disclosure across the wider securities market.
The PRI sets out five practical considerations for Canadian regulators: embedding proportionality and phasing, providing clearer regulatory signalling, connecting standard-setting with regulatory adoption, treating implementation support as part of policy design, and framing sustainability disclosure as capital-markets infrastructure.
Download the briefing in full below.
