This summary of decisions of the Canadian Sustainability Standards Board (CSSB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by the CSSB. For more information, please contact Sustainability Standards Staff: [email protected].
The CSSB met virtually on October 1 and 4 for a total of 10 hours to finalize and approve the Feedback Statement, which was published on October 21, 2024.
The CSSB also approved the proposed 2025-2028 Strategic Plan consultation paper, which was presented to the Reporting Assurance Standards Oversight Council at the end of October 2024 and is intended to be released for public consultation in early 2025.
Additionally, the CSSB approved Canadian Sustainability Disclosure Standards (CSDSs) 1 and 2, as well as the accompanying Basis for Conclusions, subject to further edits; they are scheduled to be published in December 2024. The Board will provide comments and further details about the final provisions within the standards upon publication.
The CSSB intends to finalize and approve the Criteria for Modification Framework and the accompanying Basis for Conclusions at a subsequent meeting – both are scheduled to be published in December 2024.
The CSSB discussed its commitment to supporting the implementation of the CSDSs as part of its 2024-2025 Annual Plan. This work includes building awareness about the CSSB’s role, its rationale behind key elements of the CSDSs and the Criteria for Modification Framework, and how these voluntary standards can be implemented to benefit preparers and users of such disclosure. Planning for this work was discussed and is under way.