The OSC's new SF Insights emphasizes transparency and trust to support sustainable finance efforts
The Ontario Securities Commission (OSC) published Insights on the OSC Staff's Approach to Sustainable Finance (the SF Insights), which outlines the OSC's ongoing work in sustainable finance and its future plans.
The OSC's approach, which focuses on a ‘climate-first’ strategy, aligns with its newly announced strategic plan, annual priorities, and core mandate.
The publication of the SF Insights supports the OSC's objective of increasing transparency and trust within the sustainable finance ecosystem.
The OSC aims to help investors and the regulated community adapt to emerging opportunities and risks in this evolving area.
The approach emphasizes a holistic view of sustainable finance to meet stakeholder needs.
Grant Vingoe, OSC CEO, said, “The OSC is seeking to be responsive to investor and issuer needs in our approach to sustainable finance. As a capital markets regulator, we remain mindful that we do not set environmental or social policy, and we envision moving forward in a manner that is appropriate for our market.”
The SF Insights focuses on three key pillars:
- Protecting investors and contributing to thriving capital markets through effective regulation, compliance oversight, and education.
- Demonstrating thought leadership to become a trusted and influential voice in sustainable finance regulation.
- Anticipating future developments in the rapidly evolving area of sustainable finance.
Jo-Anne Matear, OSC head of Sustainable Finance, adds, “As ESG-related risks have become a mainstream business issue in Canada and internationally, our role as a securities regulator is about bringing consistent, comparable, and useful information to support investors' decision-making.”
