Recent ESG Updates
- RCC hosts Sustainability Joint Member committee meeting in Toronto
On October 4, 2023, RCC held a joint member meeting with our EPR, Plastics, ESG and Climate Action and Product Safety committees with over 70 members present virtually … Continued - International Sustainability Standards Board expected to release disclosure standards later this month
The International Sustainability Standards Board (ISSB) will be launching its first two standards, IFRS S1 and IFRS S2, during the week of June 26-30, 2023: IFRS S1 ‘General … Continued - Ontario launches Clean Energy Registry program
RCC has been advocating to support businesses in achieving their clean energy goals. In support of our advocacy, Ontario officially launched a new clean energy credit (CEC) registry. … Continued
Tools and resources
Overview of ESG ratings and rankings
There is growing interest from investors, regulators, employees and customers on corporate ESG performance. Many stakeholders are now turning to rating agencies to help evaluate companies and identify any issues that may pose financial, legal, supply chain or reputational risk. In recognition of this, RCC has prepared an overview webpage, including fundamentals, why ESG is relevant, and different ways retailers can help improve scores.
Overview of ISSB exposure drafts
The proposed International Sustainability Standards Board (ISSB) standards, including the General Requirements Exposure Draft and the Climate-related Disclosures Exposure Draft, provide for significantly more sustainability-related disclosure requirements than the current proposal from the Canadian Securities Administrators (CSA). To help members better understand these proposed requirements, RCC has prepared an overview webpage.
RCC Webinar: Sustainable Impact Through Partner Collaboration
As retailers continue to invest in sustainable development, partner collaboration for sustainable procurement becomes increasingly critical for end-to-end visibility on footprint and impact. This 2022 panel discussion looked at the foundation and benefits of partner collaboration in working towards sustainability goals including the importance of sustainable procurement, working towards collaborative goals, and the most valuable tools for education and measurement of success.
Gracee Shorter presented Ecovadis’ latest insights from the 2022 Impact Report which promotes a greater understanding of sustainable impact, what it is, and how it is measured and illuminates how the network is helping drive impact at scale.
Member committee
ESG & Climate Action Committee
Governments around the world, including Canada’s federal government, are participating in global efforts to limit the global temperature rise to 1.5C. Moreover, ESG reporting frameworks and rating agencies have emerged as an important area for corporates to both monitor and inform. This committee is looking to help facilitate best practice sharing, monitor policies/trends, explore collaborative opportunities and develop related resources. (Meets bi-monthly)
Contact Kelsey Meyer, Senior Manager, Sustainability Programs, at kmeyer@retailcouncil.org, for questions or additional information.