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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 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 (CSDSs).

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 deliberated feedback on its Consultation Paper

  • Final pronouncement

    The final Criteria of Modification Framework was published in the CSSB’s Due Process Manual on FRASCanada.ca in December 2024

    Due Process

Canada’s First Sustainability Disclosure Standards Are Here

Explore CSDS 1 and CSDS 2, now part of the CPA Canada Handbook – Sustainability. Learn more and access resources to support your sustainability reporting.

Discover More

Webinar – Understanding CSDS 1 & CSDS 2: Incorporating Global Sustainability Reporting Standards in the Canadian Context

Register for our webinar on CSDS 1 and CSDS 2, taking place on January 14, 2025.

Register

News

December 18, 2024

News

Media Release – Canadian Sustainability Standards Board Releases Landmark Standards to Drive Consistency and Comparability in Sustainability Reporting

The Canadian Sustainability Standards Board (CSSB) has launched its first Canadian Sustainability Disclosure Standards (CSDSs). The release of these standards marks a significant milestone in sustainability disclosure, enabling Canadian organizations to align with a global reporting baseline.

December 18, 2024

Resource

Canadian Sustainability Disclosure Standards (CSDS 1 and CSDS 2): Now Available

The Canadian Sustainability Standards Board (CSSB) finalized CSDS 1 and CSDS 2, plus its Criteria for Modification Framework. Learn more and access resources to support your reporting.

December 18, 2024

Criteria for Modification Framework Basis for Conclusions

The Canadian Sustainability Standards Board (CSSB) has finalized its Criteria for Modification Framework. Read the Basis for Conclusions to understand the criteria the Board will use to assess whether to modify IFRS Sustainability Disclosure Standards when setting Canadian Sustainability Disclosure Standards.

November 28, 2024

Resource

Indigenous Matters: What We Heard

The Canadian Sustainability Standards Board (CSSB) is proud to release Indigenous Matters: What We Heard. This document acknowledges Indigenous participation and feedback related to Indigenous matters during the public consultation on Canada’s first sustainability disclosure standards in 2024. It also reinforces the CSSB’s commitment to building new pathways to support integrating Indigenous perspectives into the standard-setting process.

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.