Last mentioned: Mar 19, 2026
Standardization Milestone
Major banks move forward with a unified measure for climate financing to meet new regulatory deadlines.
ISSB Standards Effective
IFRS S1 and S2 become effective globally, providing a framework for sustainability and climate reporting.
OSFI B-15 Issued
Canada's banking regulator releases Guideline B-15, mandating climate risk management and disclosure.
COP26 Launch
The Net-Zero Banking Alliance (NZBA) is formed, with banks committing to align portfolios with net-zero by 2050.
Major financial institutions are formalizing the measurement of 'financed emissions,' transitioning from voluntary disclosures to mandatory regulatory reporting frameworks. This shift, driven by OSFI in Canada and ISSB globally, marks a critical step in quantifying the banking sector's role in the energy transition.