Sustainability disclosure standards are guideline requirements for reporting sustainability-related risks and opportunities. They specify how qualitative and quantitative sustainability-related risks and opportunities should be identified, disclosed, and reported.
The objectives of sustainability disclosure standards are to:
- meet the information needs of users;
- address the sustainability information needs of capital markets; and
- improve sustainability reporting by Canadian entities while considering costs and benefits to preparers and users .
In Canada, the Canadian Sustainability Standards Board (CSSB) sets the Canadian Sustainability Disclosure Standards (CSDSs), which are based on the global baseline standards created by the International Sustainability Standards Board (ISSB). This baseline allows jurisdictions like Canada to build specific requirements that ensure interoperability with the IFRS® Sustainability Disclosure Standards. This is referred to as a building-block approach.
Once the CSSB sets CSDSs, Canada’s regulators and/or legislators may mandate their use by companies to prepare sustainability disclosures.
The sustainability disclosure standards are published in the CPA Canada Handbook – Sustainability.
Sustainability disclosure standards are guideline requirements for reporting sustainability-related risks and opportunities. They specify how qualitative and quantitative sustainability-related risks and opportunities should be identified, disclosed, and reported.
The objectives of sustainability disclosure standards are to:
- meet the information needs of users;
- address the sustainability information needs of capital markets; and
- improve sustainability reporting by Canadian entities while considering costs and benefits to preparers and users .
In Canada, the Canadian Sustainability Standards Board (CSSB) sets the Canadian Sustainability Disclosure Standards (CSDSs), which are based on the global baseline standards created by the International Sustainability Standards Board (ISSB). This baseline allows jurisdictions like Canada to build specific requirements that ensure interoperability with the IFRS® Sustainability Disclosure Standards. This is referred to as a building-block approach.
Once the CSSB sets CSDSs, Canada’s regulators and/or legislators may mandate their use by companies to prepare sustainability disclosures.
The sustainability disclosure standards are published in the CPA Canada Handbook – Sustainability.