Environmental disclosure in Ontario

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The Ontario Securities Commission has issued Notice 51-717 Corporate Governance and Environmental Disclosure, which outlines OSC plans to enhance compliance by reporting issuers (other than investment funds) with corporate governance and environmental disclosure requirements. The Notice is part of the OSC’s corporate sustainability reporting initiative.

The OSC is also giving itself a year to develop guidance for issuers, after consulting stakeholders, on compliance with environmental disclosure requirements set out in National Instrument 51-102. The aim is to publish guidelines by December 2010, so that reporting issuers have enough time to consider it in preparing their 2010 disclosure documents.