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Canadian Sustainability Disclosure Standards

Criteria to modify IFRS Sustainability Disclosure Standards

Summary

The Canadian Sustainability Standards Board (CSSB) is committed to the global standardization of sustainability disclosure standards. The board also recognizes that there may be circumstances where amendments are required in the Canadian public interest.

As a result, this project is focused on determining the criteria the CSSB will follow to add to, delete from, and amend IFRS Sustainability Disclosure Standards when setting Canadian Sustainability Disclosure Standards (CSDS).

Staff Contact(s)

Nora Wood, MBA, CPA, CGA Principal, Sustainability Standards

Phone number  +1 647 264 8163
Email address  [email protected]

Project Status

  • Information gathering

    The CSSB researched and reviewed existing standard-setting due processes to form the basis of its criteria

  • Approving project

    In November 2023, the CSSB confirmed its intention to advance the adoption of sustainability standards in Canada through a consultation in 2024

  • Engaging Communities

    In March 2024, a consultation paper was issued for public comment on the CSSB’s Criteria for Modification Framework (Criteria for Additions to, Deletions from, and Amendments to IFRS Sustainability Disclosure Standards)

  • Deliberating feedback

    The CSSB is currently deliberating feedback on the Consultation Paper

  • Final pronouncement

Feedback Statement – Criteria for Modification, CSDS 1 and CSDS 2

The Feedback Statement summarizes the responses received from the CSSB’s extensive public consultation on Canada’s first-ever sustainability disclosure standards. Read about who responded and what they said. Thanks to your valuable input, we are on track to issue CSDS 1 and CSDS 2 in December 2024. Stay tuned for a separate report based on Indigenous participation and feedback related to Indigenous matters.

Read Now

News

October 22, 2024

News

Media Release – Canadian Sustainability Standards Board Releases Feedback Statement on Proposed Sustainability Disclosure Standards

The CSSB has released its Feedback Statement summarizing the responses received from its extensive public consultation on Canada’s first-ever sustainability disclosure standards. CSDS 1 and CSDS 2 are now set for release in December 2024.

October 21, 2024

Resource

Feedback Statement – Criteria for Modification, CSDS 1 and CSDS 2

The Canadian Sustainability Standards Board (CSSB) is pleased to announce the release of its Feedback Statement summarizing the responses received from its extensive public consultation on Canada’s first-ever sustainability disclosure standards. Read about who responded and what they said. Stay tuned for a separate report based on Indigenous participation and feedback related to Indigenous matters.

March 13, 2024

News, Document for Comment

CSSB Consultation Paper – Proposed Criteria for Modification Framework

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

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.