Canada’s accounting and auditing supervisors have appointed responsible investment experts to help them assess the role of sustainability standards - just days after the creation of a Sustainable Finance Action Council in the country.
The eight-strong Independent Review Committee on Standard Setting includes well-known figures such as Sustainalytics CEO Michael Jantzi, and Stéphanie Lachance, the head of responsible investment at C$169bn (€114bn) manager Public Sector Pension Investments.
The group has been convened by the Accounting Standards Oversight Council (AcSOC) and Auditing and Assurance Standards Oversight Council (AASOC) - both created in the early 2000s to oversee Canada’s standard setters and ensure the quality of financial reporting and auditing in the country’s private sector. It will undertake a broad review of national standard setting practices over the next year, according to a statement.
Canada’s former Deputy Minister…