Chapter 8: Climate Disclosure, Finance and Litigation

• Answers the questions: – What do changes in climate mean for those living in Canada? – How can we adapt to reduce risks and costs and take advantage of potential opportunities? – Where have we made progress on addressing climate change impacts and adaptation? – Where do gaps in knowledge and action remain? – What are the key emerging issues? 9 Chapters on social, environmental and economic theme. [...] Climate Litigation Climate change risks and opportunities are business and societal issues Gordon Beal, CPA, CA CLIMATE DISCLOSURE Key Message #2: Climate Disclosure Climate-related disclosure drives climate action Increased financial disclosure of • The Importance of Disclosure climate risks and opportunities will o Key driver of decision-making and behaviour inform and enhance action to reduce o. [...] Opportunities for cohesive approach for governments, businesses and individuals to improve their resilience to physical climate risks to break the trend of increasing loss and damage from climate events. [...] Bohan Li KNOWLEDGE GAPS & CONCLUSION Knowledge gaps Climate disclosure • How to increase quality and quantity of climate-related disclosure • Effects of climate-related risk disclosures Climate finance • How to increase investments in climate-resilient and low-carbon projects Climate litigation • Potential for more climate-related litigation • Key issues relating to climate, the Canadian Charter o. [...] Climate disclosure: allows assessment of how entities manage climate risks • Increasing usage of TCFD framework and investor demand for climate disclosure Climate finance: investment gap for transition to climate-resilient low-carbon economy • Financial markets and asset owners face obstacles for investment Climate litigation: potential litigation risk exists for private and public entities • Actu.