Upcoming Consultation on Canadian Sustainability Disclosure Standards
February 13, 2024The Canadian Sustainability Standards Board (CSSB) will be issuing proposals for its first standards, the Canadian Sustainability Disclosure Standards (CSDS) regarding climate-related disclosures and disclosure of sustainability-related financial information. The CSDS will be based on the International Sustainability Standards Board (ISSB) standards which were issued in June 2023 but will be modified in a Canadian context.
Proposed Canadian-specific modifications to the disclosures includes transition relief proposals to help with the implementation of standards. The CSSB will be holding consultations from March to June 2024 to ensure the adoption of sustainability disclosure standards are appropriately modified for the Canadian market.
RCC will keep members informed as new information becomes available.
