The Canadian Sustainability Standards Board (CSSB) announces a transition in its leadership. Charles-Antoine St-Jean, who has played a foundational role in establishing the CSSB and steering its initial strategic direction, is transitioning from his position as Chair.
Bruce Marchand, LLB, ICD.D, a current Board member involved since the inception of CSSB, will serve as the interim Chair. This interim appointment will provide stable leadership during a search for a new, permanent Chair, ensuring continuity in the CSSB's activities.
Under Charles-Antoine’s leadership, the CSSB has made significant strides in its formative year, laying the groundwork for the introduction of Canada’s first sustainability standards.
“We thank Charles-Antoine for his leadership and dedication to the CSSB in this formative period. His expertise in standard setting has played an important part in the Board’s progress to date,” says Richard Talbot, Chair, Reporting & Assurance Standards Oversight Council. “As we move forward, our new Chair will build on this strong foundation and lead the Board into its next phase – including the release of Canada’s first sustainability disclosure standards.”
Coming Soon: Call for Applications
As the CSSB prepares for its next chapter, the Oversight Council will soon be inviting qualified candidates passionate about sustainability and governance to apply for the role of Chair. More information will be released soon.
What’s Next for Sustainability Disclosure Standards in Canada
The CSSB is dedicated to advancing the adoption of sustainability disclosure standards across Canada. The Board develops Canadian Sustainability Disclosure Standards (CSDS) that align with the global baseline standards set by the International Sustainability Standards Board (ISSB), with necessary modifications to reflect the Canadian public interest. Its commitment to due process and addressing the concerns of all interested parties remains steadfast, ensuring that efforts support transparency, accountability, and the broader public interest.
The CSSB is currently reviewing the feedback on proposed CSDS 1 and 2, as well as its Consultation Paper on the Proposed Criteria for Modification Framework.
Decisions on these inaugural standards are anticipated this fall. The CSSB’s strategic plan for consultation is scheduled for public comment early in 2025, marking a significant step in its ongoing efforts to enhance transparency and accountability.
For more information
Daniella Girgenti, Director, Communications - Standards, Financial Reporting & Assurance Standards Canada, [email protected], 416-204-3482