Securities Regulator Halts Work on Corporate Climate, Diversity Disclosures

Securities Regulator Halts Work on Corporate Climate, Diversity Disclosures
People cross-country ski in the cold weather as an industrial plant is shown in the background in Toronto on Feb. 4, 2022. The Canadian Press/Nathan Denette
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The Canadian Securities Administrators says it has indefinitely paused work on developing new mandatory climate disclosures and updating diversity reporting rules in response to recent developments in the United States.

Stan Magidson, chair of the CSA, says it made the decision to support companies because of the rapid shift in the global economic and geopolitical landscape.