Overview of ISSB exposure drafts

The proposed International Sustainability Standards Board (ISSB) standards, including the General Requirements Exposure Draft and the Climate-related Disclosure Exposure Draft, provide for significantly more sustainability-related disclosure requirements than the current proposal from the Canadian Securities Administrators (CSA). It is proposed by ISSB that sustainability-related financial reporting would be published as part of an entity’s general purpose financial reporting.

The proposed standards would require issuers to engage in “scenario analysis”, describing the resilience of their business strategy against a range of climate-related scenarios, including a scenario in which 2°C of warming is reached. Although RCC is not currently planning to comment on these standards, we are intending to further discuss these drafts at the inaugural Climate Risks and Opportunities Working Group meeting on July 19th. If you would like to join, please contact Kelsey Morden.

Member only content

This content is locked. Please sign in to access this content.