Canada’s Climate Week

Exchange-Led Model for Climate Action

Canada Climate Week Xchange (CCWX) establishes a precedent as the first national climate week initiated by a stock exchange. Co-founded by Toronto Stock Exchange (TSX) alongside five other national organisations, CCWX demonstrates how market infrastructure providers can mobilise capital markets to tackle climate challenges. Given their central position within domestic capital markets, stock exchanges are uniquely positioned to foster broad stakeholder engagement, stimulate a national conversation and accelerate climate-aligned action.

CCWX follows a decentralised model, where events are hosted by a variety of organisations, with formats ranging from in-person to virtual, a feature that maximises accessibility for Canadians.

Bridging Action and Conversation

Scheduled annually in the wake of the UN Climate Change Conference (COP), CCWX channels momentum from international climate negotiations into regional dialogues. In its inaugural 2025 edition, CCWX rallied nearly 100 events nationwide, bridging conversations between Canadians and establishing the initiative as a significant national movement and dialogue on climate. The events included diverse formats, such as technical conferences, executive roundtables, public presentations and a variety of creative cultural gatherings, offering a scalable model for fostering multi-stakeholder participation.

The pan-Canadian delivery model of local and regional events was a key factor behind the success of CCWX. This structure allowed market participants, along with civil society, to examine localised decarbonisation challenges, ranging from resource-sector transition pathways in Western Canada to climate adaptation in coastal and northern regions.

Canada’s Current Climate Context

Canadian corporate issuers are faced with multifaceted challenges, from geopolitical tensions and inflationary trends to risks and opportunities arising from the integration of artificial intelligence. In this changing environment, Canadian regulators have adopted a prudent approach to sustainability and climate-related disclosures: adoption of the Canadian Sustainability Standards Board disclosure standards remains entirely voluntary.

As issuers access international markets, they are faced with the double challenge of remaining competitive while navigating differentiated and sometimes fragmented disclosure requirements. This is why TMX remains an advocate for the development of a global baseline for climate-related disclosures for companies that choose to disclose and for issuers where climate is a material risk under securities laws.

Similarly, a voluntary Green and Transition Investment Taxonomy is under development, as are sectoral guidelines for the development of credible transition plans. We actively participate in the Canadian taxonomy and transition guidelines initiatives as awareness and education partners while advocating for guidance that can be leveraged by Canadian corporations to unlock investment and support Canada’s transition to a competitive, climate-ready economy.

Heading into its second annual climate week, 23–29 November, several of the programmed events consider the vital role publicly listed companies play as drivers of decarbonisation and as clean technology and renewable energy providers. This year, Canada’s Climate Week follows the release of a significant report by Environment and Climate Change Canada. Canada’s Changing Climate Report 2026 highlights that over the past 75 years, Canada has warmed by 2.0°C and 2.6°C in the North — roughly twice the global rate.

Additionally, research¹ indicates that our country’s policies put Canada off track from its 2030 Paris Agreement targets, projecting a 16%–21% reduction below 2005 levels rather than its target of 40–45%.² Against this backdrop, TSX has curated targeted events on climate disclosures, transition financing and sustainable frameworks.

Sustainability, a TMX Group Strategic Pillar

Beyond CCWX, TSX is involved in a number of initiatives that support our broader TMX Sustainability Strategy. TSX also demonstrates its commitment to mobilising capital for Canadian clean technology and renewable energy issuers by hosting recurring thematic investor conferences. For example, the Canadian Climate Investor Conference (CCIC) is an annual effort dedicated to building the retail investor base necessary for the long-term support of the cleantech and renewable energy sectors. Since 2023, this investor conference has highlighted an average of 15 companies per year to hundreds of investors.

More on CCWX

The five-year initiative aims to support Canada’s commitment to significantly reduce greenhouse gas emissions by 2030 through collaboration and action-oriented events that feature Canada’s unique perspective on climate issues and opportunities.

TSX is the first exchange group to initiate a national climate week, working with five other national organisers as co-founding members to create our Steering Committee. From an exchange perspective, TSX is proud to have CCWX events that highlight public company perspectives, feature innovations from the clean technology sector and discuss sustainable financing for climate-related solutions and projects. TSX will continue to ensure issuers are part of conversations around climate policy, transition, mandates, financing and solutions.

Footnotes

1. Country Assessment, Climate Action Tracker; Policy Analysis, Canadian Climate Institute.

2. Environment and Climate Change Canada, Canada’s 2021 Nationally Determined Contribution Submission to UNFCCC (2021).