Overview

The Canadian Sustainability Standards Board (CSSB) Consultation Paper, Proposed Criteria for Modification Framework, is now open for comment. The Paper sets out how the Board proposes to introduce changes, if required, to IFRS Sustainability Disclosure Standards for use in Canada. Submit your comments to the CSSB by June 10, 2024

The Canadian Sustainability Standards Board (CSSB) wants your feedback on its Exposure Draft, CSDS 1, General Requirements for Disclosure of Sustainability-related Financial Information. Read our Exposure Draft and submit your comments to have your say in the adoption of sustainability disclosure standards in Canada. We welcome feedback until June 10, 2024.

The Canadian Sustainability Standards Board (CSSB) wants your feedback on its Exposure Draft, CSDS 2, Climate-related Disclosures. The Standard includes proposed requirements for disclosing climate-related risks and opportunities. Read our Exposure Draft and submit your comments to have your say in the adoption of sustainability disclosure standards in Canada. We welcome feedback until June 10, 2024.

Canada’s first proposed Canadian Sustainability Disclosure Standards (CSDS) are out for public comment until June 10, 2024. Exposure Drafts on CSDS 1, General Requirements for Disclosure of Sustainability-related Financial Information, and CSDS 2, Climate-related Disclosures align with the 2023-released IFRS S1 and S2 global baselines, with modifications introduced to align with Canadian-specific needs. Also out for comment is a paper discussing how the CSSB proposes to introduce changes, if required, to IFRS Sustainability Disclosure Standards for use in Canada. The Board will be offering a variety of ways to take part in the consultation, ensuring a wide range of perspectives are considered before finalizing the proposals.

The CSSB has issued two Exposure Drafts, “CSDS 1, General Requirements for Disclosure of Sustainability-related Financial Information,” and “CSDS 2, Climate-related Disclosures.” This webpage provides a plain and simple overview of the Exposure Drafts and ways you can provide your input.

The Canadian Sustainability Standards Board (CSSB) will launch a public consultation to advance the adoption of sustainability standards in Canada. In March 2024, three key documents will be issued for public comment that will shape Canada's first sustainability standards: drafts of the proposed CSDS 1 and CSDS 2, and a paper discussing how the CSSB proposes to introduce changes to IFRS Sustainability Disclosure Standards for use in Canada. We will offer opportunities to share feedback in a variety of ways.

The CSSB has responded to the ISSB Request for Information, Consultation on Agenda Priorities, following four months of engagement with Canadian individuals and groups. The letter includes detailed responses to select questions, along with three key messages from our market outreach. Find out more.

The CSSB’s newest members have been appointed, including representation from western and eastern provinces and Canada’s resource-based sectors. These appointments make a quorum for the CSSB, putting the Board in decision-making mode and coming on the heels of the release of the International Sustainability Standards Board’s (ISSB) initial standards – IFRS S1 and S2.

The International Sustainability Standards Board (ISSB) published its Exposure Draft detailing a proposed methodology to amend Sustainability Accounting Standards Board (SASB) standards. The purpose of the amendments is to enhance the international applicability of the standards. FRAS Canada seeks Canadian feedback on the proposed methodology to ensure the ISSB considers Canadian perspectives. Help shape the future of sustainability standards and share your input by July 7, 2023.

The ISSB recently announced its agenda priorities for expanding sustainability standards, with a focus on four research projects. FRAS Canada is seeking feedback from Canadians on these projects before submitting a response letter to the ISSB. The proposed projects include biodiversity, human capital, human rights, and reporting integration. Help shape the future of sustainability standards and share your feedback by August 4, 2023. 

The International Sustainability Standards Board (ISSB) has just released its Exposure Draft, Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates. Read the Exposure Draft for more details.

The International Sustainability Standards Board (ISSB) has released its request for information on their Consultation on Agenda Priorities. They aim to broaden sustainability standards for investors and financial markets beyond climate. Read the Agenda Priorities for more details.

The CSSB will be led by standard-setting veteran Charles-Antoine St-Jean, FCPA, FCA, with initial member appointments bringing expertise in sustainability matters and representing a cross-section of Canada’s market – both geographically and professionally. These appointments set the stage for an operational board, which will support the adoption of sustainability disclosure standards in Canada.

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.

The time has come to recruit the inaugural chair of the new CSSB. A visible and experienced leader in the sustainability reporting community, the Chair will support recruitment of board members and establish the CSSB’s first multi-year strategic plan in their initial months in the role. Applications are due November 15, 2022. 

ISSB’s Exposure Draft, IFRS S2 Climate-related Disclosures is now available for download in French. Chartered Professional Accountants of Canada undertook the official translation for stakeholders worldwide – as part of their ongoing funding support standard setting. Access the Exposure Draft in English or French and submit your comments by July 29, 2022.

ISSB’s Exposure Draft, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information is now available in French. Chartered Professional Accountants of Canada undertook the official translation for stakeholders worldwide – as part of their ongoing funding support standard setting. Access the Exposure Draft in English or French and submit your comments by July 29, 2022. 

As the pace of progress in sustainability disclosures continues to accelerate, the Accounting Standards Oversight Council (AcSOC) and Auditing and Assurance Standards Oversight Council (AASOC) mutually approved the formation of the Canadian Sustainability Standards Board (CSSB). Read the media release to learn more about what this means for Canada.

Financial Reporting & Assurance Standards Canada is embarking on a consultation project to solicit feedback from Canadians on the ISSB’s Exposure Draft, “IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information.” Take part in our short, online surveys to easily share your comments with us.

Your feedback will inform the response letter sent to the ISSB by Canada’s standard-setting oversight councils. Ensuring Canadian perspectives are heard by the ISSB helps to ensure our country’s unique issues and perspectives are considered before a final standard is issued.

Financial Reporting & Assurance Standards Canada is embarking on a consultation project to solicit feedback from Canadians on the ISSB’s Exposure Draft, “IFRS S2 Climate-related Disclosures.” Take part in our short, online surveys to easily share your comments with us.

Your feedback will inform the response letter sent to the ISSB by Canada’s standard-setting oversight councils. Ensuring Canadian perspectives are heard by the ISSB helps to ensure our country’s unique issues and perspectives are considered before a final standard is issued.

The ISSB is consulting on its Climate-related Disclosures Exposure Draft. We encourage Canadians to share their views on this Exposure Draft directly with the ISSB – and stay tuned for Canadian-specific opportunities to discuss these proposals.

The ISSB is consulting on its General Requirements Exposure Draft. We encourage Canadians to share their views on this Exposure Draft directly with the ISSB – and stay tuned for Canadian-specific opportunities to discuss these proposals.