Changes from the proposed standard to final standard are underlined.
CSDS 1
8 An entity may apply CSDSs irrespective of whether the entity’s related general-purpose financial statements (referred to as ‘financial statements’) are prepared in accordance with IFRS Accounting Standards or other generally accepted accounting principles or practices (GAAP).
E4 In the first three annual reporting periods in which an entity applies this standard, the entity is permitted to report its sustainability-related financial disclosures after it publishes its related financial statements.
(a) In applying this transition relief in the first year, an entity shall report its sustainability-related financial disclosures:
(i) at the same time as its next second-quarter or half-year interim general-purpose financial report, if the entity is required to provide such an interim report;
(ii) at the same time as its next second-quarter or half-year interim general-purpose financial report, but within nine months of the end of the annual reporting period in which the entity first applies this standard, if the entity voluntarily provides such an interim report; or
(iii) within nine months of the end of the annual reporting period in which the entity first applies this standard, if the entity is not required to and does not voluntarily provide an interim general-purpose financial report.
(b) In applying this transition relief in each of the next two annual reporting periods immediately following the first year, an entity shall report its sustainability-related financial disclosures within six months of the end of each such annual reporting period.
CSDS 2
C4 An entity is permitted to use any or all of these reliefs:
(a) if, in the annual reporting period immediately preceding the date of initial application of this standard, the entity used a method for measuring its greenhouse gas emissions other than the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004), the entity is permitted to continue using that other method in the first annual reporting period in which an entity applies this standard; and
(b) in the first three annual reporting periods in which an entity applies this standard, the entity is not required to disclose its Scope 3 greenhouse gas emissions (see paragraph 29(a)), which includes, if the entity participates in asset management, commercial banking or insurance activities, the additional information about its financed emissions (see paragraph 29(a)(vi)(2) and paragraphs B58-B63).
(c) in the first three annual reporting periods in which an entity applies this standard, the entity is not required to use quantitative climate-related scenario analysis to assess its climate resilience, as is otherwise required by paragraph 22 and B17. Where an entity uses the foregoing relief in this paragraph C4(c), for each annual reporting period in which it uses such relief, it shall not be required to report quantitative information otherwise required by paragraphs 15-17 to the extent only that such quantitative information could only be obtained by undertaking such quantitative scenario analysis.
C5 If an entity uses any relief in paragraph C4, the entity is permitted to continue to use that relief for the purposes of presenting that information as comparative information in subsequent reporting periods.