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Watch our on-demand webinar to learn about the Exposure Drafts on proposed Canadian Sustainability Disclosure Standards (CSDS) 1 & 2, and to help prepare your response for our key documents.

Canada’s reporting and assurance oversight councils are pleased to announce the establishment of the Reporting & Assurance Standards Oversight Council (the Oversight Council), an important step towards enhancing standard-setting efficiency and connectivity in Canada.   

The Canadian Sustainability Standards Board (CSSB) Consultation Paper, Proposed Criteria for Modification Framework, is now open for comment. The Paper sets out how the Board proposes to introduce changes, if required, to IFRS Sustainability Disclosure Standards for use in Canada. Submit your comments to the CSSB by June 10, 2024

The CSSB has issued two Exposure Drafts, “CSDS 1, General Requirements for Disclosure of Sustainability-related Financial Information,” and “CSDS 2, Climate-related Disclosures.” This webpage provides a plain and simple overview of the Exposure Drafts and ways you can provide your input.

Canada’s first proposed Canadian Sustainability Disclosure Standards (CSDS) are out for public comment until June 10, 2024. Exposure Drafts on CSDS 1, General Requirements for Disclosure of Sustainability-related Financial Information, and CSDS 2, Climate-related Disclosures align with the 2023-released IFRS S1 and S2 global baselines, with modifications introduced to align with Canadian-specific needs. Also out for comment is a paper discussing how the CSSB proposes to introduce changes, if required, to IFRS Sustainability Disclosure Standards for use in Canada. The Board will be offering a variety of ways to take part in the consultation, ensuring a wide range of perspectives are considered before finalizing the proposals.

Representatives of the Canadian Sustainability Standards Board (CSSB) and the Sustainability Standards Board of Japan (SSBJ) held their inaugural bilateral meeting on January 9, 2024, in Montreal, Canada. The Boards provided updates on their respective activities and discussed agenda items such as issues related to the implementation of IFRS Sustainability Disclosure Standards (ISSB Standards). Read the press release, available in English.

The Canadian Sustainability Standards Board (CSSB) grows in strength – with the appointment of three new members – and meets with the International Sustainability Standards Board (ISSB) in Montreal on September 14-15, 2023. In addition to fostering its relationship with the international board, the CSSB will discuss its strategy to support the uptake of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate-related Disclosures in Canada.

The CSSB has responded to the ISSB Request for Information, Consultation on Agenda Priorities, following four months of engagement with Canadian individuals and groups. The letter includes detailed responses to select questions, along with three key messages from our market outreach. Find out more.

Read these top 5 frequently asked questions as both a reminder and update in advance of coming decisions related to the IRCSS’ Final Report – decisions that will pave the way forward for standard setting in Canada for years to come.

Are you interested in learning about how the ISSB is informing its two-year work plan to expand sustainability standards, as well as how it plans to update the SASB Standards? Watch our recorded webinar for an overview of the ISSB’s consultation on agenda priorities, the proposed methodology for enhancing the international applicability of the SASB Standards, and how you can share your views.