全球风险研究院（GRI）：风向变迁：2025-2026年加拿大可持续金融市场回顾与展望报告（英文版）（16页）.pdf

1、SHIFTING SIGNALS:THE EVOLUTION OF SUSTAINABLE FINANCE IN CANADA 2025 REVIEW 2026 OUTLOOKMARCH 20261.INTRODUCTION 2025 marked continued evolution in Canadas sustainable finance policy and regulatory landscape.In its Fall Budget 2025,the federal government announced its intention to propose legislativ

2、e amendments to the Competition Acts greenwashing provisions,including removing the requirement that environmental business claims be substantiated using internationally recognized methodology and eliminating direct third-party access to the Competition Tribunal for such claims.1 The government indi

3、cated that the proposed amendments are intended to provide greater certainty to the marketplace while maintaining protections against false claims.2 Regulators also refined ongoing climate-related work.OSFI amended its approach to climate-risk oversight through updates to Guideline B-15 in 2025,prov

4、iding additional direction for federally regulated financial institutions on governance,risk management,and disclosure expectations,3,4 reaffirming expectations for the integration of physical and transition climate risks,and signaling alignment with final Canadian Sustainability Standards Board(CSS

5、B)climate disclosure standards.The Canadian Securities Administrators(CSA)paused further work on proposed mandatory climate-disclosure rules,citing a rapidly evolving global economic and geopolitical landscape and competitiveness considerations.5 These developments highlight a landscape in which pol

6、icy and regulatory frameworks are being reviewed and adapted in response to evolving market and informational needs.At the same time,the federal government continued to leverage sustainable finance instruments to support public investment priorities.In 2025,Canada completed two green bond transactio