Morningstar –When evaluating investments, we scan environments both within and around businesses, but now, more than ever we need to take a wider lens – beyond macro issues and policy moves.
We’re past the point of mitigation when it comes to climate change. And only adaptation and action will save exposed and contributing Canadian companies.
“Canada has a very decentralized approach to environmental governance, and more variable (and often weaker) standards than other comparable OECD jurisdictions. For example, the Canada Water Act dates from the 1970s and has not been updated to reflect evolving science,” says Laura Gosset, senior analyst at Shareholder Association for Research & Education.