Canada: Public Consultation for Canadian Sustainability Disclosure Standards

The Canadian Sustainability Standards Board (CSSB) published for public consultation the Consultation Paper and the Exposure Drafts for the Canadian…

The Canadian Sustainability Standards Board (CSSB) published for public consultation the Consultation Paper and the Exposure Drafts for the Canadian Sustainability Disclosure Standards (CSDSs) and interested parties are encouraged to submit comments until 10 June 2024. The CSDSs are drafted according to the IFRS Sustainability Disclosure Standards (IFRS S1 “General Requirements for Disclosure of Sustainability-related Financial Information” and IFRS S2 “Climate-related Disclosures”) and would become voluntarily effective as of 1 January 2025. The proposal contains the following:

• CSSB Consultation Paper – Proposed Criteria for Modification Framework
• CSSB Exposure Draft – Proposed Canadian Sustainability Disclosure Standard (CSDS) 1, General Requirements for Disclosure of Sustainability-related Financial Information
• CSSB Exposure Draft – Proposed Canadian Sustainability Disclosure Standard (CSDS) 2, Climate-related DisclosuresThe Canadian Sustainability Standards Board (CSSB) was founded with the aim of safeguarding the public interest through the establishment and upkeep of top-tier sustainability disclosure standards for Canadian entities.