Back to the Learning Academy.

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

July 12, 2024
TMX Group & Carbonhound
ESG, Disclosure, Governance, Investor Relations

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

November 3, 2025
Finance Montréal

Best Sustainability Report Contest 2025-2026

For nearly ten years, Finance Montréal, in partnership with several Québec universities, has been highlighting Canadian publicly traded companies that stand out for the quality of their sustainability reports. The initiative aims to recognize the efforts made to transparently disclose their environmental, social, and governance practices and impacts.

October 10, 2025
The Institute for Sustainable Finance

Canadian Corporate Performance on GHG Emissions, Disclosures and Target Setting: Fourth Edition

The Institute for Sustainable Finance has once again taken the pulse of climate commitments among S&P/TSX Composite Index companies, analyzing trends revealed by their GHG disclosures and net-zero targets. This year's study is a critical resource for investors and public-and private-sector leaders alike.

TMX Group Limited and its affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not for trading purposes), and is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The views, opinions and advice of any third party reflect those of the individual authors and are not endorsed by TMX Group Limited or its affiliates. TMX Group Limited and its affiliates have not prepared, reviewed or updated the content of third parties on this site or the content of any third party sites, and assume no responsibility for such information.

Copyright © 2025 TSX Inc. All rights reserved.