Toronto Stock Exchange (TSX) and Chartered Professional Accountants of Canada (CPA Canada) today launched a joint publication titled, A Primer for Environmental & Social Disclosure.
The publication, which updates and expands on information from TSX's previous edition, presents valuable information for issuers as investors pay closer attention to business issues relating to environmental and social factors. Some investors now consider how those factors can impact revenues, costs, product offerings, customer and employee loyalty and, reputation. Investors may even look at an issuer's supply chain.
The primer outlines key principles for environmental and social business conduct. It discusses mandatory disclosure requirements, voluntary reporting, industry-specific key performance indicators and initiatives in other countries.
"Toronto Stock Exchange is dedicated to helping its issuers operate successfully in the capital markets," says Ungad Chadda, Senior Vice President, Toronto Stock Exchange. "We believe this updated primer provides issuers with a useful tool to assist them with these important environmental and social matters."
"Reporting on environmental and social issues is evolving both at home and abroad," notes Todd Scaletta, a principal with CPA Canada focusing on sustainability and innovation. "Disclosure relating to these matters is clearly becoming a vital component to the reporting efforts of a growing number of organizations. It is important that the changing landscape be illustrated for issuers."
The publication also summarizes best practices emerging from the Corporate Reporting Awards, which are presented annually by CPA Canada.
A Primer for Environment & Social Disclosure can be found online in both English and French by visiting www.tmx.com or www.cpacanada.ca/primer.