Back to the Learning Academy or ESG 101.

What the amendments of Bill C-59 mean for Canadian companies

Canada's Bill C-59 received royal assent on June 20th, 2024 and officially became a law. The amendments to Canada's Competition Act will require businesses to provide evidence supporting any environmental claims. Private enforcement will be allowed, without needing to prove personal loss or damages. Failure to comply with the new requirements can result in monetary penalties up to $10 million, or three times the benefit obtained from the claim, or 3% of the company's annual global gross revenue.

Click here for more information, as well as a preparedness checklist created by Carbonhound.

Related Articles

Business Future Pathways

TMX is proud to partner with the Business Future Pathways initiative, which helps Canadian companies build credible, investor-endorsed climate transition plans—creating clarity and confidence for long-term investment.

Canadian Climate Investor Conference Recap

On June 11, we gathered over 200 attendees to champion the future of cleantech in Canada. The energy was palpable as 13 pioneering TSX and TSXV cleantech companies showcased their groundbreaking innovations across four dynamic themed panels.