OPEN LETTER CAMPAIGN - CANADA CHAPTERHow to get involved:
If you would like to support WLOC Canada’s call for climate disclosure requirements in Canada, we encourage you to sign the open letter to CSA.
An Open Letter to Canada’s 13 Securities Regulators from Women Leaders across Canada
June 3, 2025
In April, the Canadian Securities Administrators (CSA) abruptly reversed course on its promise to deliver globally-aligned climate-related financial disclosure rules with its Chair, Stan Magidson, citing the need to pause and focus “on initiatives to make Canadian markets more competitive, efficient and resilient.”
As leaders in finance, business and civil society, we strongly disagree with this move.
Tackling climate change is, in fact, essential to keeping markets competitive, efficient, and resilient. Bank of Canada analysis showed years ago that climate change poses significant risks to our financial system and our economy, including both disruptions from more frequent and severe extreme weather events as well as risks stemming from the transition to a net-zero economy.
Businesses and investors require a level playing field to understand how companies are managing these risks and having a globally consistent mandatory standard provides this baseline for market confidence.
That’s why the Canadian Sustainability Standards Board reports that in under two years, 30 jurisdictions across the globe representing 57% of global GDP, have acted to adopt the International Sustainability Standards Board (ISSB) benchmark climate disclosure standard.
Further delay means investors will continue to see Canadian companies as a black box while regulators across the UK, EU, Asia, and US states like California are turning the lights on by requiring transparency.
Many large Canadian companies are already disclosing: a recent survey by Torys LLP of the S&P TSX Composite Index revealed that 69% of companies state that they are reporting in alignment with the Taskforce on Climate-related Financial Disclosures which served as the foundation for the ISSB standard. Mandatory disclosures would support these ongoing efforts, ensure widespread adoption and give companies a practical means to avoid concerns about ‘greenwashing’.
There has never been a more important moment for Canada to show the world that it is open and ready for business. Adopting a globally-aligned climate disclosure standard will send that signal. We call on the CSA to resume this work.
Signed by:
Catherine McKenna, Climate & Nature Solutions, CEO
Barbara Zvan, University Pension Plan, President and CEO
Barbara Stymiest, George Weston Limited, Director
Geneviève Morin, Fondaction, CEO
Monika Freyman, Addenda Capital, VP Sustainable Investment
Catherine McCall, Canadian Coalition for Good Governance, CEO
Janice Fukakusa, Toronto Metropolitan University, Chancellor Emeritus
Anna Walkowiak, EY, Partner Climate Change and Sustainability
Alison Sunstrum, NYA Ventures Inc., Managing Partner
Anne-France Bolay, AlphaFixe Capital, Senior Advisor Responsible Investments
Jessie Sitnick, Sitnick Strategies, Principal
Shannon Rohan, SHARE, Chief Strategy Officer
Anne-Josée Laquerre, Québec Net Positif, Executive Director and Co-Founder
Carol Liao, Canada Climate Law Initiative, Chair and Principal Co-Investigator
Catherine Abreu, International Climate Politics Hub, Director
Kirsten l’Anson, Community Savings Credit Union, VP People and Culture
Emily Renneberg, Arup, Senior ESG Manager
Alice Wei, Deloitte, ESG Manager
Kookai Chaimahawong, UBC Sauder’s Centre for Climate and Business Solutions, Executive Director
Stephanie Bertels, SFU Beedie School of Business, Professor
Tzeporah Berman, Stand.earth, Founder
Sonia Li Trottier, Canada Climate Law Initiative, Director
Alison Schneider, Ceres Investor Network, Canadian Representative
Céline Bak, Analytica Advisors, President
Jennifer McDonald, Cycle Momentum, Senior VP Investments
Julie Segal, Environmental Defence Canada, Senior Manager, Climate Finance
Andrea Moffat, Addenda Capital, Senior Director
Nina Meiniche, PFA Pension, Senior ESG Specialist
Elizabeth (Shirt) Gamble, Profoundry, CEO
Susan McGeachie, Global Climate Finance Accelerator, CEO
Dr. Carol-Ann Brown, Delphi, Executive Advisor
Diane-Laure Arjaliès, Ivey Business School, Sustainable Finance Lab Lead, Associate Professor
Margot Hurlbert, University of Regina, Professor
Emmanuelle Létourneau, Létourneau governance entreprenante, Founder and President
Marie-Josee (MJ) Privyk, FinComm Services, ESG Director Coach
Lisa (Elisabeth) DeMarco, Resilient LLP, CEO and Senior Partner
Maria Maisuradze, ED4S, CEO
Julie Bernard, University Waterloo, Professor of Sustainable Finance
Elham Kheradmand, Lucid Axon, CEO
Jane McDonald, Climate & Nature Solutions, Vice President
Stephanie Cairns, Pacific Institute for Climate Solutions, Senior Director, Strategy and Foresight
Stephanie McLarty, Quantum Lifecycle, Head of Sustainability
Carol Aziz, Achieve Sustainability Inc., President
Alison Cretney, Energy Futures Lab, Managing Director
Joanna Kipp, Quinn+Partners, Senior Manager
Jessica Butts, ESG Global Advisors, CEO
Rachel Guthrie, Export Development Canada, VP, ESG Integration
Rachel Doran, Clean Energy Canada, President and Executive Director
Christopher Davidson, Golder Associates, Water Resources Engineering
Lindsay Hampson, ThisRock Inc., President
Isabelle Gagnon, AEquo, Directrice générale
Velina Serafimov, Fondaction Asset Management, ESG and Impact Specialist
Alison Wines, Uncommon Ground Communications, Managing Director
Tanya Seajay, 7 Centre, CEO
Katherine Pineault, Inspire Climate, Owner and Founder
Sarah Whyte, Quinn+Partners, Director
Vanessa Boudreau Sannier
Frédérique Boucher, Imperial College London, Graduate Student
Victoria Petitclerc, Addenda Capital, Analyst
Fannie Pelletier, Addenda Capital, Associate
Pierre-Laurent Macridis, Rally Assets, Manager, Private Investments
Rebecca Black, Black Current, Founder
Shawn McCarthy, retired, freelance writer
Geneviève Beaudoin-Lebeuf, EY, Senior Manager, Climate Change & Sustainability
Hajer Tebini, HEC Montréal, Professor
Lesley Matthews, Polaris Solutions Inc., Principal
Lisa Annabel Ellis, YellowYellow Sustainability Advisory, CEO
Abby Litchfield, Science Based Targets Network, Communications Officer
Kriti Murthy, CocoBean Climate, Founder and Director
Niamh Leonard, Euphrosine Foundation, Executive Director
Sabrina Chiefari, Ministry for Social Justice, Peace, and Creation Care - Sisters of St. Joseph, Integral Ecology Specialist
Virginie Laplante, Global Alpha Capital Management, Analyst
Elizabeth Cockle, Self-employed, Principal
Nancy Foran, ESG Partners Inc., President and Founder
Louise Comeau, Iris Communications, Principal
Lyn Adamson, Canadian Voice of Women for Peace, Co-Chair
Julian Duplan, Finance Montréal, Sustainable Finance and Climate Change Advisor
Michael Bourque, Research Centre for Smart Grid Technologies, UNB, Innovation Director
Alex Carr, Alex Carr Consulting, Principal
Allison Daisley, Daisley For Good, Founder
Sharan Burrow, Just Transition Solutions, Consultant
Zahra Borghei, EY, Manager
Tessa Vanderkop, Purpose Pathways, Consultant
Devika Shah, Environment Funders Canada, Executive Director
Nancy Wright, Nancy Wright & Associates, Principal
Ashley Sarauer, Ontoly, CEO and Founder
Barb Swartzentruber, Senior Fellow, Smart Prosperity Institute
Nancy McHarg, McHarg Communications/Hoggan and Associates, Principal
Angela Antle, Memorial University, PhD Candidate and Rachel Carson Fellow
Mark Hopkins, Hives Management Associates Ltd., CEO
Twyla Kowalczyk, Associated Engineering, Manager, Strategic Advisory Services
Shayna Rector, 7Gen, Co-Founder
Madeleine Brown, Carbonzero, Client Services Analyst
Michael Smith, Impact Bridge, President and Chief Impact Officer
Rosa Galvez, Senate of Canada, Senator
Sandra Phillips, Modo, CEO
Beverly Gingras, Conservation Council of New Brunswick, Executive Director
Elaine Grotefeld, Latitude Cleantech Search, Founder
Kim Hallwood, Independent, Sustainability Executive
Gabrielle Kissinger, Lexeme Consulting, Principal
Lauren Victoria (Tori) Hellrung, Fondaction, Investment Principal
Suzanne Catty, Acqua Vita, Founder
Emily Pearson, Vancity Credit Union, Senior Consultant
Chantal Thiéblin Goffoz, Evol, Directrice finance durable et accompagnement d’impact
Deeksha Rao Sahib, Novisto, Senior ESG analyst
Michelle Smook, Michelle Lauren, Owner/Coach
Jennifer Lee, Sustainable Market Strategies, Strategist
Carolyn Redl, Retired, University associate professor/writer
Sydney Wanchulak, Niyâk Consulting, Founder
Decia Wong, Consulting, Purpose-driven Brand & Marketing Leader
Helen Brennek, Quinn+Partners, Senior Manager
Melinda Bastien, Normandin Beaudry, Partner
Laura Gabor, Ecologicca, Co-Founder and COO
Leah Young, University Pension Plan Ontario, Manager, Sustainability & Responsible Investing
Jean-Philippe Renaut, Maison de développement durable, directeur général
Martina Ulrichs, Independent Consultant, Consultant
Brianna Salmon, Green Communities Canada, Executive Director
Kate Dunford, Zero Emissions Innovation Centre, Retrofit Finance Project Manager
Victoria Lim, Zero Emissions Innovation Centre, Program Assistant
Juvarya Veltkamp, C40 Cities, Senior Advisor
Joy Williams, Net-Zero Transition Plan Lead, Executive Director
Samantha Yu, Chartered Professional Accountants for Ontario, Director, Sustainability Standards
Stephanie Tsui, Genus Capital Management, Chief Sustainability Officer
Betsy Agar, Efficiency Canada, Director of Buildings Policy
Yael Blum, INtwoIT Coaching & Consulting, Founder
Geneviève Paul, Quebec Environmental Law Centre, Executive Director
Katie Elder, Good Principles, Founder
Tom Chapman, The Brattle Group, Principal
Dr. Raquel Feroe, Retired
Rebecca MacLeod, New Grocery Movement, Executive Director
Gerri Tabak, Seniors for Climate Action Now, Member
Kathy Bardswick, Sustainable Finance Action Council, Chair
Alison Coates , Vancity, Director of Climate Strategy and Performance
Delia Cristea, Power Sustainable, Partner, COO and General Counsel
Lynnette Purda, Queen’s University, Dean (Interim) and Professor of Finance
Johanne Whitmore, HEC Montréal - Chair in Energy Sector Management, Senior Researcher
Keren Perla, Energy Futures Lab, Director
Stephanie Chow-Ashton, Executive Director, Transition Finance
Laila Danechi, Pictet Asset Management, Senior Manager of Business Development
Lindsey Walton, PRI, Director of Americas
Patricia Marquez, Independent, VP Finance
Valérie Cecchini, Borealis Global Asset Management, Managing Partner
Adelaide Chiu, NEI Investments, VP and Portfolio Manager, Head of Responsible Investing
Karen Lockridge, CAAT Pension Plan, Director, Responsible Investing
Priscilla Marius-Leprince, Nordis Capital, Senior ESG Analyst
Tima Bansal, Ivey Business School, Canada Research Chair in Business Sustainability
Nadine de Gannes, Ivey Business School, Assistant Professor, Accounting & Sustainability
Melanie Issett, Innovation North, Ivey Business School, Operations Manager
Natacha Zenie, Eclipx Family Office, CEO and CIO
Rosa van den Beemt, Eclipx Family Office, Director of Stewardship
Supriya Verma, Belnor Engineering Inc., Founder and CSO
Joanna Klimczak, Independent pan-Canadian decarbonization investor, Head of Canada
Flavie Desgagné-Éthier, Trottier Family Foundation, Climate Program Director
Jessica Giero, Giero Consulting Ltd., Principal
Francisca Quinn, Quinn+Partners, Founder and President
Emily Partington, Quinn+Partners, Managing Director
Jane Rabinowicz, McConnell Foundation, CEO
Sylvie Trottier, Fondation Dents-de-lion, Director
Claire Trottier, Euphrosine Foundation, Founder and Chair of the Board
Maya Saryyeva, Institute for Sustainable Finance, Director
Béatrice Vaugrante, Oxfam-Québec, Executive Director
Delaney Greig, University Pension Plan, Director of Investor Stewardship
Jenny Banks, NEI Investments, Director of Responsible Investing Advisory
Amanda Carr, SHARE, Associate Director of Climate
Kim Perrotta, Canadian Health Association for Sustainability and Equity (CHASE), Executive Director
Andrea Amaize, Forvis Mazars, Director of Risk and Sustainability Consulting
Nicole Rycroft, Canopy, Founder and Executive Director
Tanya Bishop, Amundi Canada, Senior Director of Business Development and Client Relations
Amy Castator, Project Neutral, Director
Helen Watts, Student Energy, Executive Director
Serena Rourke, Climate & Nature Solutions, Associate
Lauren Bonnett, Quinn+Partners, Director
Chelsie Hunt, Quinn+Partners, Manager
Bonnie-Lyn de Bartok, S-Factor | LION-S, CEO
Kelly Gauthier, Rally Assets, President
Tom Rand, ArcTern Ventures, Founding Partner
Gavin Pitchford, Canada Clean50/Delta Management, CEO and Founder
Julie Gelfand, Jenco Ventures Inc., President, former federal Commissioner of the Environment and Sustainable Development
Matt Holden, CarbonSuite Inc., CEO
Virginia Roe, McGill University, Director of Development
Rosalie Vendette, Quinn+Partners, Director
Trina Hiscock, TRIA Consulting, Founder and Chief Simplifier
Nicolina Farella, McConnell Foundation, Chief Program Officer
Boris Couteaux, ESG Global Advisors, Principal
Lenka Martinek, Sustainable Market Strategies, Managing Partner
Dr. Maryanne Eva, Kwantlen Polytechnic University, Faculty
Priya Bala-Miller, Nature Investment Hub, Managing Director
Sara Alvarado, Global Sustainable Finance Consultant, Board Member
Jessica Carradine, Investors for Paris Compliance, Senior Analyst
Denise Byrnes, DB Conseils, President
Lilya Mincheva, Principles for Responsible Investment, Interim Co-Head, North America
Michaela Sellick, Carbonzero, Lead GHG Analyst
Laura McGrath, Shift: Action for Pension Wealth and Planet Health, Senior Manager
Becky Park-Romanovsky, Toronto Climate Week, Founder
Michelle McCulloch, Fruuit Consulting, Managing Consultant
Émile Le Beuze, Finance Montréal, Senior Advisor for Sustainable Finance
Thomas Estinès, Groupe Investissement Responsable, Co-CEO
Shauna Sylvester, Urban Climate Leadership, Founder and Lead Convenor
Renata Faizova, University of British Columbia, Faculty
Keira Kang, Climate Engagement Canada, SHARE, Program Officer
Travis Weber, ESG Global Advisors, Senior Associate
Phoebe Miller, Key Gordon, Senior Art Director
Jennifer Cutbill, Lateral Agency, Principal
Coro Strandberg, Strandberg Consulting, President
Vanessa Grondin, Henri Nutrition, CEO
Lylia Khennache, Airex Energy, VP Climate Solutions
Basma Majerbi, University Victoria, Director, Impact Investing Hub
Allison Murray, Acuicy, CEO and Founder
Alison Shaw, Simon Fraser University Climate Innovation, Executive Director
Magali Depras, Magali Depras Services Conseils Inc., President
Patricia Fuller, International Institute for Sustainable Development, President and CEO
Michelle Li, Clever Carbon, Founder
Marie-Chantal Savoy, Savoy Strategy, Founder
Nassima Bekhechi, SF Factor, President and CEO
Pascale Imbeau, il Gestion privée de patrimoine, Conseillère en placement
Brayden Smith, IGM Financial, Senior Analyst, Corporate Sustainability
Hugh Cronin, Concordia University, Undergraduate
Katrin Hauschild, Québec Net Positif, DGA
Sonia Vinogradova, Greenback Revolution, Co-Founder
Raissa Espiritu, Audaxa Ventures, Managing Partner
Rachel Lefrancois, Québec Net Positif, Analyste de project
Raylene Whitford, Canative Energy, Director
Angie Saltman, Saltmedia & IT Horizons, President and Partner
Mark Sevestre, Mississaugas of the Credit First Nations Community Trust, General Manager
Vickie Whitehead, VLW Financial Management Ltd., Proprietor
Rosalie Schuster, University of Sherbrooke, Student
Risa Schwartz, Risa Schwartz International Law, Sole Practitioner
Klaus Jericho, Southern Alberta Group for the Environment, Director
Vasundhara Saravade, Smart Prosperity Institute, Postdoctoral Fellow
Sara Bechtold, University of Ottawa, Institute of the Environment, PhD Candidate
Meredith Adler, Adler Strategy, Principal
Colleen Kaiser, Smart Prosperity Institute, Program Director
Olivier Forest, CSDM, Teacher
Daniele Horton, Verdani Partners, Founder and CEO
Cheralyn Chok, Propel Impact, Executive Director and Co-Founder
Jacquie Jacobs, Self employed artist, Artist
Sofi Papamarko, Green Economy Canada, Director, Communications and Events
Hilary Kilgour, Audaxa Ventures, Managing Partners
Catherine Letendre, CIVIC, Senior Coordinator
Brett Bradshaw, Creative Fire, Director, Communications and Community Engagement
Dr. Maria Vamvalis, The Critical Thinking Consortium, Director
Jessica Wandenberghe, Guiding Star Consulting, Owner
Kathryn Wortsman, Amplify Capital, Founder and Managing Partner
Danielle Mitchell, D.A. Mitchell Consulting Inc., Principal and Owner
Miranda Keller, For Our Kids Alberta, Parent
Tylene Apoel, SCAN!, Coordinating Committee
Janis Brooks, Salishan Solutions Inc., Principal and Owner
Fatou Dieng, Manifest Climate, Climate Solutions Lead
Danya Pastuszek, Tamarack Institute for Community Engagement, President and CEO
Chiara Piazzesi, Université du Québec à Montréal, Professor
Anders Bell, IGWM, Conseiller
Caroline Tremblay, Credo Impact, Impact Strategy Consultant
Jasmine Lyn, BOMA Canada, Assistant Program Manager
Hannah Gelderman, Climate Justice Edmonton, Co-Founder and Board Member
Amanda Watkins, SHARE, Senior Program Manager
Carole LaPorte, Bank of Canada, Stakeholder Relations
Theresia Fennema, SCAN, Member