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 in person in Montreal, Quebec, to discuss the agenda topics outlined here.
CSDS 2 Amendments
The CSSB reviewed and approved the issuance of a proposed exposure draft for Amendments to Canadian Sustainability Disclosure Standard (CSDS) 2, Climate-related Disclosures, to correspond with the International Sustainability Standards Board’s (ISSB) final Amendments to Greenhouse Gas Emissions Disclosures in IFRS S2. An exposure draft is expected to be issued in April 2026.
External Advisory Committees
The CSSB approved updated Terms of Reference for the Sustainability Standards Advisory Committee and the Sustainability Technical and Implementation Advisory Committee. Staff presented an update on the recruitment status for membership of the Committees.
Draft 2025-2026 Performance Report
The CSSB approved the 2025-2026 Performance Report for presentation to the Reporting and Assurance Standards Oversight Council. The Oversight Council will review the report in June 2026 as part of its assessment of the Board’s performance, after which the Board will publish its 2025-2026 Annual Report.
Draft 2026-2027 Annual Plan
The CSSB approved its 2026-2027 Annual Plan and plans to issue it by March 31, 2026.
CSSB Fiscal 2027 Engagement Plan
The CSSB reviewed and discussed its fiscal 2027 engagement plan designed to:
- communicate the strategic value of the CSDSs,
- support preparers and investors in understanding and applying the standards, and
- build strong relationships with interested and affected parties.
SASB Standards Enhancement Project
The CSSB received and discussed an update on the ISSB’s Sustainability Accounting Standards Board (SASB) Standards Enhancement Project centred on highlights from the ISSB’s February 2026 meeting. The update covered ISSB’s deliberations on feedback on its July 2025 Exposure Draft, procedural updates on the Industry-Based Guidance for implementing IFRS S2 and the planned release of a new exposure draft in March 2026.
Jurisdictional Review: Indigenous Peoples and Corporate Disclosures
The CSSB received an overview of Indigenous rights-related corporate reporting and/or disclosure approaches in different jurisdictions.
Indigenous Engagement at AFOA Canada Conference
The CSSB received a presentation of the key highlights from the AFOA Canada conference, including the Chair’s presentation and general engagement takeaways, and insight into the external meetings with Quebec-based Indigenous leaders.
Presentation – Torys Report
The CSSB received a presentation from Torys LLP, giving an overview of the report, Climate Disclosures at a Crossroads – 2025 Climate Disclosure Report. The presentation covered findings on the current legal, regulatory, and market context for climate-related disclosures.
Environmental Scan
The CSSB received an update on international and domestic sustainability disclosure developments across multiple jurisdictions.