Going Green? A Study of Climate-Related Reporting Standards in Canadian Industries

Societal concerns have switched focus to a more environmentally conscious movement, and institutions and corporations have been required to adapt. Climate science by itself has evolved from a simple scientific observation into a political and economic concern, with corporations bearing heavier responsibilities due to its greater ability to contribute to climate change. International standards have been set for corporations, like the Global Reporting Initiative (GRI), and Task Force for Climate-related Financial Disclosures (TCFD). This report focuses on the effect of these standards on organizations in Canadian industries. Using an interview-based methodology, this research includes a study of a public institution (Air Canada), private institutions (Humber ITAL & OPTA), and representatives of CPA Canada.