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Exercising ESG v.2

September 15, 2023

TMX Group
ESG, Investor Relations

Exercising ESG - Steps in the Right Direction
Nouveau Monde Graphite Inc.
TSXV:NOU
This TSX Venture Exchange listed company has mapped out a Climate Action Plan to achieve Net Zero by 2030. An important step is through their announced partnership with Caterpillar to electrify production, from mining to advanced manufacturing, for their Matawinie graphite mine. From ecotechnologies for advanced manufacturing of their battery materials to biodiversity-focused environmental management, Nouveau Monde Graphite is striving for responsible production at every stage of its value chain. Their website outlines their commitment to sustainability, which includes, among other things, the company’s alignment to the UN Sustainable Development Goals.
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Since CIRI's last Backgrounder on this topic in February 2025, the pace of new developments in the area of ESG standards and regulatory disclosure has slowed. The most significant development has been the cessation of all progress by the U.S. Securities and Exchange Commission toward the development of climate disclosure rules for listed companies.

November 3, 2025

The Canadian Securities Administrators (CSA)
The Canadian Securities Administrators (CSA) announced a proposed multi-year pilot to allow eligible venture issuers to voluntarily adopt semi-annual financial reporting (the SAR Pilot). The SAR Pilot would provide an exemption for certain venture issuers listed on the TSX Venture Exchange Inc. (TSXV) or the CNSX Markets Inc. (CSE) from the requirement to file first and third quarter financial reports under National Instrument 51-102 Continuous Disclosure Obligations.