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CSSB

Canadian Sustainability Standards Board

About the CSSB

The Canadian Sustainability Standards Board’s (CSSB) mandate is to develop and support the adoption of international sustainability standards in Canada.

The CSSB is being formed as the International Sustainability Standards Board (ISSB) expects to issue its inaugural standards – IFRS S1 and IFRS S2, and a Request for Information on future agenda priorities.

Following an open call for a CSSB chair and members in 2022, the CSSB Implementation Committee continues to support this new board’s set-up. The Committee is involved in establishing CSSB operational policies and procedures – including defining governance and process-related considerations. 

Stay tuned for more.

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Watch our video on Sustainability Reporting: Where Canada Stands

Learn about the global developments in sustainability disclosure standards and the newly formed Canadian Sustainability Standards (CSSB). Get an understanding of the CSSB’s role in addressing the unique needs of Canadian entities and when it aims to be operational.

News

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March 1, 2023 News
Media Release – Independent review concludes, setting the stage for the future of Canadian accounting, auditing, and sustainability standard setting

The Independent Review Committee on Standard Setting in Canada issued its final recommendations report. The recommendations aim to ensure Canadian accounting and auditing – and now sustainability reporting and assurance – standard setting continues to be independent and internationally recognized. A summary feedback statement will soon be issued, outlining the feedback the committee received during its consultation process.

January 10, 2023 International Activity, News
Accounting Standards Board of Canada and the Accounting Standards Board of Japan Hold Bilateral Meeting in Toronto

On January 9, 2023, the Accounting Standards Board (AcSB) of Canada and Accounting Standards Board of Japan (ASBJ) held their fourth bilateral meeting in Toronto. The Boards provided updates on their activities and discussed topics of mutual interest, such as crypto assets. Representatives from Financial Reporting & Assurance Standards Canada’s sustainability standards team and the Sustainability Standards Board of Japan (SSBJ) also attended the meeting. They shared updates on their activities and discussed the connectivity between sustainability and financial reporting. Read the press release, available in English.

January 9, 2023 International Activity
Canada appointed as inaugural member of global Sustainability Standards Advisory Forum

Canada was appointed as one of 13 jurisdictions and regions from around the world to form the new Sustainability Standards Advisory Forum (SSAF). The SSAF will work with the International Sustainability Standards Board (ISSB) towards a comprehensive global baseline of sustainability-related disclosure for capital markets.