Fighting Against Forced Labour and Child Labour in Supply Chains Act, S.C. 2023, c. 9 (Bill S-211)

CSSB issued final CSDS 1 and CSDS 2 on 18 December 2024, aligned with IFRS S1 and S2 with extra transition reliefs. The standards are voluntary. The CSA paused its mandatory climate disclosure rulemaking on 23 April 2025. In April 2026 the CSSB proposed CSDS 2 amendments matching the ISSB's IFRS S2 amendments: limiting Scope 3 Category 15 to financed emissions, allowing an industry classification other than GICS, and allowing other GHG measurement methods or GWP values where a jurisdictional authority or exchange requires them.

Enforcement

Voluntary

Effective date

Standards effective for annual reporting periods beginning on or after 1 January 2025, for entities that choose to apply them (with transition reliefs). Voluntary; no mandatory reporting date exists.

Covered entities

Any Canadian entity (voluntary). CSA paused work on mandatory rule citing global developments.

OSFI guideline setting expectations for climate risk governance, strategy, risk management, scenario analysis, and capital and liquidity adequacy at federally regulated financial institutions. Chapter 2 sets public climate disclosure expectations; the March 2025 version aligned Scope 3 timing with the CSSB's CSDS 2 (fiscal 2028).

Enforcement

Mandatory for federally regulated financial institutions

Effective date

Chapter 2 disclosures apply to fiscal periods ending on or after 1 October 2024 (D-SIBs and IAIGs headquartered in Canada) and 2025 (other in-scope FRFIs), with cross-industry metrics one year later; Scope 3 financed and insurance-associated emissions and industry-based metrics from fiscal year-end 2028; AUM emissions, transition plan and scenario resilience disclosures TBD

Covered entities

All FRFIs except foreign bank branches; applies to Canadian branches of foreign insurers only for risks insured in Canada. Chapter 2 disclosures exclude FRFI subsidiaries that report consolidated results to OSFI.

Two deceptive marketing provisions target environmental claims. Product claims about benefits for protecting or restoring the environment or mitigating the causes or effects of climate change must be based on an adequate and proper test (paragraph 74.01(1)(b.1)). Claims about the environmental benefits of a business or business activity must be based on adequate and proper substantiation (paragraph 74.01(1)(b.2)); since 26 March 2026 that substantiation no longer has to follow an internationally recognized methodology, and private parties cannot seek leave to bring (b.2) cases. For corporations, administrative monetary penalties can reach the greater of CAD 10 million (CAD 15 million for later orders) and three times the benefit derived or, if that cannot be determined, 3 percent of annual worldwide gross revenues.

Enforcement

Mandatory

Effective date

20 June 2024

Covered entities

Any person making representations to the public in Canada about a product, business or business activity that relate to environmental or social benefits or effects

EPR in Canada is set province by province under the CCME action plan, with British Columbia, Ontario and Quebec running the most developed full producer-funded systems for packaging, paper, electronics, batteries and other product streams. Ottawa has no overarching federal EPR statute; CEPA underpins toxic-substances rules and federal coordination, while provinces operate the schemes through PROs such as Recycle BC, Circular Materials and Éco Entreprises Québec.

Enforcement

Mandatory

Effective date

BC packaging EPR since 19 May 2014; Ontario Blue Box transition to full producer responsibility ran 1 July 2023 to 31 December 2025; Quebec modernized packaging EPR effective 1 January 2025; Alberta packaging, paper and hazardous and special products EPR launched 1 April 2025 (remaining communities 1 October 2026); EEE, batteries, tires and paint schemes since the 2000s

Covered entities

Producers (brand owners, first importers, distributors) of packaging, printed paper, EEE, batteries, tyres, paint, lamps, used oil and other regulated products in each province; thresholds vary (e.g., Ontario small-producer exemption below CAD 2 million revenue or 1 tonne supplied)

Directive requiring very large EU and non-EU companies to identify, prevent and address adverse human rights and environmental impacts in their own operations, their subsidiaries' operations and their chains of activities. Omnibus I (Directive (EU) 2026/470) raised the thresholds, deleted the climate transition plan obligation, removed the EU-wide civil liability rule (liability now rests on national law), and capped fines at 3% of net worldwide turnover.

Enforcement

Mandatory once transposed

Effective date

Member State transposition deadline 26 July 2028. National measures apply to all in-scope companies from 26 July 2029; Article 16 reporting applies for financial years starting on or after 1 January 2030.

Covered entities

EU companies with more than 5,000 employees on average and more than EUR 1.5 billion net worldwide turnover, or ultimate parents of groups reaching those thresholds. Non-EU companies with more than EUR 1.5 billion net turnover in the EU in the financial year before the last. Separate thresholds apply to franchising and licensing groups (royalties above EUR 75 million plus turnover above EUR 275 million).

Companies in scope must identify, prevent, and remediate human rights and environmental risks in their own operations and direct suppliers, with risk-based duties extending to indirect suppliers when substantiated knowledge arises. BAFA monitors compliance, can issue orders, and impose fines up to EUR 8 million or 2 percent of average annual turnover (where turnover exceeds EUR 400 million).

Enforcement

Mandatory

Effective date

1 January 2023 (companies with 3,000+ employees in Germany); 1 January 2024 (1,000+ employees in Germany)

Covered entities

Companies with their head office, principal place of business, administrative seat, or registered branch in Germany and at least 1,000 employees in Germany (3,000+ in 2023). Includes German branches of foreign companies.