The Canadian Sustainability Standards Board’s guidelines for how companies should disclose their climate-related risk, which were released Wednesday, are in line with those of the International Sustainability Standards Board (ISSB). (The Logic)

Talking point: The CSSB recommends Canadian firms disclose Scope 3 emissions, which include greenhouse gases from their value chains and consumers’ use of their products. That’s at odds with the SEC’s highly anticipated rules announced earlier this month, which—in the face of political and corporate backlash—omitted requirements for Scope 3 disclosure. The ISSB’s standards published last June, however, recommended Scope 3 reporting. Canada’s regulators had been waiting for signals from both the SEC and ISSB before setting its own rules. That the CSSB is effectively siding with the international standards board could influence Canada’s securities regulators to implement more stringent rules than those governing U.S. firms.