This Letter provides to securities regulators the FMB’s comments on a proposed national instrument for disclosure of climate-related matters. The FMB decided to comment because the Canadian Securities Administrators are required to cooperate and consult with Indigenous Peoples according to the United Nations Declaration on the Rights of Indigenous Peoples.
FMB thought it important to comment as Green House Gas “GHG” emissions and prospective GHG emission reporting will affect Indigenous Peoples and their rights, disproportionately more than the mainstream economy. While FMB asserts that while GHG are a national concern and fall exclusively under federal jurisdiction, the proposed national instrument is a helpful and informative step towards the establishment of a more comprehensive federal regime.