Back to the Learning Academy or ESG 101.

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

June 24, 2025
TMX Group

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.

June 27, 2025
TMX Group

Participate in Canada Climate Week Xchange

This November, organizations across Canada will host a series of events focused on climate-related challenges and opportunities for the first Canada Climate Week Xchange (CCWX). To stay informed about these events and other climate news, we encourage you to subscribe to the CCWX newsletter.

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.