Deferral of the public consultation on Guideline B-15 disclosure expectation for financed emissions related to off-balance sheet assets under management

Information
Publication type
Letter
Date
Sector
Banks,
Life Insurance and Fraternal Companies,
Property and Casualty Companies,
Trust and Loan Companies
Table of contents

On January 8, 2026, we paused the planned public consultation on the disclosure expectation for financed emissions related to off-balance sheet assets under management (AUM) under Guideline B-15. In line with this pause, we will also defer the implementation for this expectation to a future date. We have reflected this change in Annex 2-2 of the guideline.

Financial institutions are still expected to quantify and manage their climate-related transition risks, including for off-balance sheet AUM. The deferral of the disclosure expectation allows financial institutions time to strengthen data collection and measurement. We will continue to monitor progress through our supervisory channels.

Please contact CatastrophicRisks-RisqueCatastrophe@osfi-bsif.gc.ca if you have any questions.