At least 18 major Canadian corporate emitters have published climate transition plans without disclosing commitments to align capital allocation with their climate goals, according to an analysis of figures released Thursday by Climate Engagement Canada.
The gap emerges from CEC’s 2026 benchmark, which found that 26 of 39 assessed companies disclosed transition plans, while only eight disclosed commitments related to climate-aligned capital allocation.
Separately, the figures establish that at least 11 companies with transition plans lack a publicly disclosed net-zero ambition.
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The fourth annual assessment found that 15 companies, representing 38% of those reviewed, disclosed net-zero ambitions. That compares with 17 of 40 companies in 2025 and 18 of 41 in 2023.
Meanwhile, companies publishing transition plans increased from 16 in 2023 to 26 in 2026, lifting the proportion from 39% to 67%.
Only eight companies, or 21%, disclosed commitments related to climate-aligned capital allocation, compared with none in 2023.
Other indicators showed improvement. Twenty-nine companies, or 74%, disclosed medium-term emissions targets, while 23, or 59%, published quantitative climate scenario analysis, compared with 12 in 2023.
The benchmark evaluates public information available through June 1, 2026.
CEC’s accompanying policy-engagement assessment, conducted by InfluenceMap, found that none of the 39 companies received a grade indicating broad support for science-aligned climate policy.
Fifteen companies, or 38%, were assessed as at least partially aligned overall, down from 45% in 2025.
However, the proportion assessed as misaligned through industry associations improved from 63% to 56%.
The disclosure gaps emerge as Canada’s emissions targets face renewed scrutiny. An October 29 federal audit found that government projections indicate a 28% reduction in national emissions by 2030, below Canada’s 40% to 45% target.
