The Hennick Centre for Business and Law and Jantzi-Sustainalytics have submitted recommendations to the Minister of Finance on how the Ontario Securities Commission (OSC) can begin to improve corporations’ disclosure of their social practices. 

In their report, Corporate Social Reporting Initiative, produced with the generous support of the Association of Certified Chartered Accountants (ACCA), the Hennick Centre and Jantzi-Sustainalytics address the reasons and scope for and the regulation of corporate social reporting, which applies to topics such as human and labour rights, employee health and safety, local community development, and product safety.  The Hennick Centre and Jantzi-Sustainalytics recommend that the OSC clarify existing disclosure obligations to indicate the need to consider the materiality of social issues to investors’ decisions and long-term corporate performance.  They also recommend that the OSC facilitate continued dialogue among relevant stakeholders in order to support a shift toward more standardized metrics and reporting in this area.

Read the media advisory about a June 15th press conference to release the report.

Read the full Media Release, with quotes from Ontario Minister of Finance Dwight Duncan, MPP Laurel Broten and others.

Download and read the full report (PDF).