The Competition Bureau has updated its Environmental Claims and the Competition Act guidance to reflect recent amendments to the Competition Act. The changes affect how businesses substantiate certain environmental claims and how private parties can bring related cases before the Competition Tribunal.

For credit unions, the update is an opportunity to review environmental claims in sustainability reports, websites, annual reports, marketing materials and climate-related disclosures, and to ensure they remain accurate, transparent, and supported by appropriate evidence. Click here or read below for CCUA’s analysis of the updates to the guidance.