OSFI discussion paper: Navigating Uncertainty in Climate Change – feedback and next steps

On January 11, 2021, OSFI released a discussion paper on Navigating Uncertainty in Climate Change (PDF, 2,480 KB). In response to the consultation, which closed on April 12, 2021, OSFI received feedback from over 70 respondents including federally regulated financial institutions, federally regulated pension plans (FRPPs), industry and professional associations, interested organizations and individuals. In October 2021, OSFI published a letter providing a summary of feedback received and next steps. For FRPPs, OSFI will continue collaborating with the Canadian Association of Pension Supervisory Authorities (CAPSA) to develop guidance on integrating Environmental, Social and Governance considerations in pension investment decisions and assess the need for additional guidance thereafter.