by Anne-Marie Sheahan of McCarthy Tétrault
"Although it has still not been convincingly demonstrated that good environmental and social practices create value for shareholders, it is clear that bad ones can destroy it."
George Dallas, Standard & Poor’s
Over the past 15 years, public companies have disclosed environmental liabilities in their financial statements. These companies have disseminated information about their environmental performance and risk factors in their annual reports and MD&A reports. As well, non-financial reports relating to their social and environmental performance are no longer exceptional.