{"id":389280,"date":"2020-11-30T06:12:26","date_gmt":"2020-11-30T11:12:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389280"},"modified":"2020-11-30T06:12:26","modified_gmt":"2020-11-30T11:12:26","slug":"canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\/","title":{"rendered":"Canada\u2019s actuaries support a standard and open framework for disclosure of ESG risks"},"content":{"rendered":"
\n

OTTAWA, Nov. 30, 2020 (GLOBE NEWSWIRE) — The Canadian Institute of Actuaries (CIA) supports Canada\u2019s eight largest pension funds in their call for companies to undertake consistent and improved disclosure of environmental, social and governance (ESG) factors according to the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures.<\/p>\n

Improved ESG disclosure will help change behaviours. It will also strengthen investment decision-making as stakeholders will be better able to assess risk exposures.<\/p>\n

The CIA released a statement in September 2019 calling on governments, business leaders, and investors to:<\/p>\n

    \n
  1. Prioritize national data collection related to the financial impacts of climate-related events;<\/li>\n
  2. Implement policies that make climate-risk financial reporting mandatory; and<\/li>\n
  3. Include ESG factors in investment decisions and corporate risk planning.<\/li>\n<\/ol>\n

    The commitment to ESG disclosure signed by the Alberta Investment Management Corporation, the British Columbia Investment Management Corporation, the Caisse de D\u00e9p\u00f4t et Placement du Qu\u00e9bec, the Canada Pension Plan Investment Board, the Healthcare of Ontario Pension Plan, the Ontario Municipal Employees Retirement System, the Ontario Teachers\u2019 Pension Plan, and the Public Sector Pension Investment Board is a welcome step aligned with these goals.<\/p>\n

    As Canadian businesses and governments work to rebuild the economy, this is the right time to introduce transparency in financial reporting mechanisms and disclosure requirements. Improved disclosure and common standards for financial reporting will allow actuaries to better assess the financial impacts of ESG risks on insurance companies and pension plans.<\/p>\n

    \u201cThe CIA is committed to working with regulators, investors, and decision-makers on the journey towards a sustainable future,\u201d says Michel St-Germain, CIA President.<\/p>\n

    Read the CIA\u2019s statement: Time to Act- Facing the Risks of a Changing Climate<\/a><\/em><\/p>\n

    \n Media contact<\/strong>
    \n
    Sandra Caya
    Director, Communications and Public Affairs, Canadian Institute of Actuaries
    sandra.caya@cia-ica.ca<\/a>
    613-236-8196 ext. 116<\/p>\n

    \n
    \n
    \n \n <\/div>\n

    <\/div>\n","protected":false},"excerpt":{"rendered":"

    OTTAWA, Nov. 30, 2020 (GLOBE NEWSWIRE) — The Canadian Institute of Actuaries (CIA) supports Canada\u2019s eight largest pension funds in their call for companies to undertake consistent and improved disclosure of environmental, social and governance (ESG) factors according to the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. Improved ESG disclosure will help change behaviours. It will also strengthen investment decision-making as stakeholders will be better able to assess risk exposures. The CIA released a statement in September 2019 calling on governments, business leaders, and investors to: Prioritize national data collection related to the financial impacts of climate-related events; Implement policies that make climate-risk financial reporting mandatory; and Include ESG factors in investment decisions and corporate … <\/p>\n

    Continue reading “Canada\u2019s actuaries support a standard and open framework for disclosure of ESG risks”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389280","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCanada\u2019s actuaries support a standard and open framework for disclosure of ESG risks - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s actuaries support a standard and open framework for disclosure of ESG risks - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OTTAWA, Nov. 30, 2020 (GLOBE NEWSWIRE) — The Canadian Institute of Actuaries (CIA) supports Canada\u2019s eight largest pension funds in their call for companies to undertake consistent and improved disclosure of environmental, social and governance (ESG) factors according to the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. Improved ESG disclosure will help change behaviours. It will also strengthen investment decision-making as stakeholders will be better able to assess risk exposures. The CIA released a statement in September 2019 calling on governments, business leaders, and investors to: Prioritize national data collection related to the financial impacts of climate-related events; Implement policies that make climate-risk financial reporting mandatory; and Include ESG factors in investment decisions and corporate … Continue reading "Canada\u2019s actuaries support a standard and open framework for disclosure of ESG risks"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T11:12:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5Mzc0MyMzODQ3NjM1IzUwMDA2OTQzOQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Canada\u2019s actuaries support a standard and open framework for disclosure of ESG risks\",\"datePublished\":\"2020-11-30T11:12:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\\\/\"},\"wordCount\":309,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5Mzc0MyMzODQ3NjM1IzUwMDA2OTQzOQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-actuaries-support-a-standard-and-open-framework-for-disclosure-of-esg-risks\\\/\",\"name\":\"Canada\u2019s actuaries support a standard and open framework for disclosure of ESG risks - 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