This summary of decisions of the Canadian Sustainability Standards Board (CSSB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by the CSSB. For more information, please contact Sustainability Standards staff: [email protected].
The CSSB met virtually to discuss the agenda topics outlined here.
Nature-related Disclosures
The CSSB reviewed a summary of the International Sustainability Standards Board’s (ISSB) tentative decisions on its nature-related disclosures project, including:
- the form of standard setting, namely an IFRS Practice Statement, with an exposure draft planned for October 2026;
- incremental nature-related disclosure requirements; and
- information about engagement with Indigenous Peoples, local communities, and interested and affected parties in the context of nature-related risks and opportunities.
The CSSB agreed to engage with interested and affected parties in Canada to inform its response letter to the ISSB’s exposure draft. The CSSB will deliberate on next steps at its meeting in September.
External Advisory Committees
The CSSB approved the appointment of the Chairs of the Sustainability Technical and Implementation Advisory Committee and the Sustainability Standards Advisory Committee.
2025-2026 Annual Report
The CSSB reviewed and approved the 2025-2026 Annual Report. The Board had previously approved its 2025-2026 Performance Report for presentation to the Reporting and Assurance Standards Oversight Council, and its 2026-2027 Annual Plan.
Strategic Plan
The CSSB discussed matters related to its 2025-2028 Strategic Plan and next strategic planning cycle.
SASB Standards Enhancement Project
The CSSB received an update on the its targeted consultation relating to the ISSB Exposure Draft, “Proposed Amendments to the SASB Standards and IFRS S2 Industry-based Guidance,” covering electric utilities and power generators, agricultural products and meat, poultry and dairy industry sectors. The Board discussed the feedback to date and considerations as well as its response to the ISSB’s Exposure Draft.
Roadmap for Public Sector Sustainability Disclosures
The CSSB reviewed and discussed a proposed phased approach to support assessment of public sector sustainability disclosure standard setting in Canada.
Indigenous Education Module – Indigenous Peoples and the FPIC Standard
The CSSB received a presentation from an external advisor as part of its ongoing Indigenous Peoples education program on the legal and ethical principles underlying the free, prior and informed consent (FPIC) standard in the Indigenous context and related legal developments in Canada.
Update on Indigenous Rights Sustainability Disclosures Workplan
The CSSB received an update on the activities relating to the Indigenous rights-related sustainability disclosure work plan from the Indigenous-owned and led consultant supporting the Board’s workplan.
CEC Presentation
The CSSB received a presentation from Climate Engagement Canada (CEC) on its recent report, “2025 CEC Benchmark Results.” The CEC representatives provided information on how Canadian investor-led initiatives are prioritizing sectors for climate engagement and how those priorities align with the Board’s discussions on risk, disclosure, and financial materiality.