Canada moves ahead with ESG reporting and supply chain human rights
Canada is in the process of implementing standards similar to IFRS S1 and S2 through the Canadian Sustainability Standards Board (CSSB). These are the first global baseline standards for sustainability-related financial disclosures.
Canada has also introduced the Fighting Against Forced Labour and Child Labour in Supply Chains Act. Covered entities must prepare and publish annual reports detailing their efforts to prevent and mitigate the risk of forced labour and child labour in their supply chains.
Speeki provides ESG and sustainability software, consulting, sustainability due diligence and assurance solutions. We are committed to helping Canadian companies continue to be world leaders in sustainability and make ESG and sustainability a competitive advantage for their businesses.
ESG and sustainability are developing quickly in Canada. Let us help.
ESG and sustainability cover over 20 different topics. While not all of these may be ‘material’ and require some form of disclosure, they may still be important to you or your stakeholders. Whether you’re grappling with carbon footprints, emissions calculations, ethical supply chains, whistleblowing, corporate governance, human rights or being selected by your customers as a ‘safe and sustainable’ option, Speeki is your solution. Our approach to ESG and sustainability can help you meet regulatory requirements and build a better and more sustainable company for the next generation. Tackling ESG and becoming more sustainable will make you a better company. It will drive improvements with your suppliers, employees, stakeholders, regulators and customers. It will force you to look into the future and help the planet endure.
With a focus on building and managing programmes across material (and important) topics across the ESG and sustainability spectrum, you can identify new opportunities, engage your stakeholders and become a stronger business.
ESG and sustainability are not a cost to your business; they are a growth engine.
New ESG reporting based on IFRS S1 and S2
Speeki already has the IFRS S1 and S2 reporting standards built into its platform. Canadian companies can use the Speeki platform to prepare and report according to the new standards when available. Companies are advised to start building their underlying programmes now, as it is only a matter of time.
Canadian supply chain laws will force companies to dig deep into supplier qualification
There is a significant obligation to conduct due diligence on your supply chains and to end modern-day slavery and human rights abuses. Speeki helps Canadian companies build their human rights and modern-day slavery programmes and with the related sustainability due diligence required for supplier qualification.
How Speeki can help your business in Canada
Depending on the type of company you have, you may have mandatory or optional ESG reporting requirements in Canada in the near future. You most certainly will have reporting to do under the Canadian Modern Slavery Act. Unlike many other versions of this law in other countries, the reporting obligations in Canada are stricter and go beyond just a website statement.
Get ready for the CSSB’s CSDS 1 and CSDS 2, which will be live soon
Speeki has a software platform already configured to help you build ESG and sustainability across 20 different topics, many of which will require mandatory reporting under the new standards.
Speeki is not just an ESG and sustainability reporting platform. It is a comprehensive suite of non-financial programme management and reporting. We have embedded guidance, advice and instructions throughout the platform to increase your knowledge and reduce the need for consulting expertise.
Building your modern-day slavery programmes and moving beyond policies
Complying with the Fighting Against Forced Labour and Child Labour in Supply Chains Act will require a comprehensive human rights and modern-day slavery programme. This is more than just a policy and a statement on your website.
Speeki helps companies build programmes according to global best practices and standards. Together with the Speeki platform, our team will design, draft, implement, monitor and audit your programme.
Sustainability due diligence and supplier qualification
To meet the new legislation and best practices on supplier qualification, you will need a comprehensive due diligence system for identifying risks in your supply chain. This is not just for human rights issues but also for environmental, information security, corruption, sanctions and reputational risks. More than just a questionnaire to collect information, Speeki helps develop a qualification system involving risk identification, assessments, contracting, due diligence and audits.
Developing a sustainability programme with Speeki allows you to cover all topics in a consistent manner
By choosing Speeki, you’re not just adopting a platform; you’re partnering with a leader in ESG and sustainability solutions. From building and maintaining ESG and sustainability programmes to driving accountability and generating reports, Speeki supports your journey in ESG and sustainability and other non-financial reporting aspects.
Managing the performance of your non-financial programmes will be your advantage.
ESG insights
Explore our expert articles on implementing ESG and sustainability programmes
Canada is making a strong push forward in ESG and sustainability. This is not going away anytime soon, and those companies that lean in will be able to take advantage of new business opportunities.
Reporting for Canada and beyond
Speeki continuously incorporates new global or local reporting standards from countries as they become published. We ensure that your business can produce necessary disclosures, not just in Canada but in any country in which you operate.
Manage your non-financial performance
More than just climate change, Speeki helps you build programmes across 20 areas. Businesses can align their sustainability efforts with Speeki and other software products like climate accounting or energy management systems.
Embedded tools and guidance
Many companies don't necessarily have their own ESG experts and might struggle to find capacity at a reasonable price elsewhere. Speeki is packed with guidance and AI to help you build ESG and sustainability with our software.
Scott Lane
Scott Lane has worked as a leader in global companies across legal, compliance and governance for most of his career. He has helped over 500 global companies develop parts of their ESG programmes, including governance, board, risk, supply chain, sales channels, anti-corruption, workplace issues and overall ESG. Scott is a strong strategic thinker and communicator who helps align large companies on a common goal.
Some examples of how Speeki can help you with ESG and sustainability in Canada
You will need a clear strategy led by the board and executed through management. With oversight and assurance, your board can feel comfortable that ESG and sustainability are a competitive advantage, not simply a cost. Working with the board and management, we help you understand risk and opportunities and define a strategy to execute.
The challenges raised by the new legislation in Canada also apply in many other countries. Having a global approach to supplier qualification and due diligence is essential. Managing your supply chain risks and knowing how your customers will look at you in return will be a competitive advantage.
Through our subsidiary Speeki Europe, Speeki is a globally accredited certification body for ISO management system standards. Subject to our independence rules, we can certify you in Canada (and your global operations) against standards like anti-bribery, compliance, governance, social responsibility, whistleblowing and more.
Speeki can be used by a wide range of entities in Canada, including businesses of all sizes across various industries. Whether a small enterprise starting its sustainability journey or a large corporation enhancing its ESG practices, Speeki has software and solutions that cater to your company’s needs.
Speeki can help you build a whistleblower solution, an anti-bribery compliance or management system, or a global human rights and modern-day slavery system. With consulting, technology and assurance solutions, we are ready to step in and add value to your business.
Speeki provides assurance solutions across ESG and sustainability. Subject to our independence rules, we can build a plan for an audit and assurance of your ESG reporting. Validate your reporting with the comfort of independent assurance.
Your ESG and sustainability journey in Canada begins here
