Second reading (Senate), as of May 23, 2024
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This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment amends the Canada Business Corporations Act to provide that a corporation’s purpose is to pursue its best interests while also operating in a manner that
(a) benefits the wider society and the environment in a manner proportionate to its size and the nature of its operations; and
(b) minimizes any harm that the corporation causes to the wider society and the environment, with the objective of eliminating such harm.
It also makes related amendments.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.