TORONTO, Oct. 7, 2024
/CNW/ - The Ontario Securities Commission (OSC) today
published Insights on the OSC Staff's Approach to Sustainable
Finance (the SF Insights), which builds on the work that
the OSC has done to date around sustainable finance and sets out
our approach for the coming years. The OSC's approach has been
shaped by our recently announced strategic plan, our annual
priorities and mandate, and takes a "climate-first" approach.
Publication of the SF Insights furthers our core objective of
building transparency and trust in the sustainable finance
ecosystem as we aim to support investors and the regulated
community in adapting to both emerging opportunities and risks in
this area. It also emphasizes that the OSC will take a
holistic approach to sustainable finance to address the needs
of our stakeholders.
"The OSC is seeking to be responsive to investor and issuer
needs in our approach to sustainable finance," said
Grant Vingoe, OSC CEO. "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 sets out three pillars:
- Protecting investors and contributing to thriving capital
markets through effective and timely regulation, compliance
oversight and education.
- Demonstrating thought leadership and seeking to be an
influential and trusted voice in sustainable finance
regulation.
- Anticipating what's next in the rapidly evolving area of
sustainable finance.
"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," adds Jo-Anne
Matear, OSC Head of Sustainable Finance.
The mandate of the OSC is to provide protection to investors
from unfair, improper or fraudulent practices, to foster fair,
efficient and competitive capital markets and confidence in the
capital markets, to foster capital formation, and to contribute to
the stability of the financial system and the reduction of systemic
risk. Investors are urged to check the registration of any persons
or company offering an investment opportunity and to review the OSC
investor materials available at http://www.osc.ca.
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SOURCE Ontario Securities Commission