The Canadian Sustainability Standards Board (CSSB) issued CSDS 1 and CSDS 2, aligned with the International Sustainability Standards Board (ISSB)'s IFRS S1 and S2. While these standards are not yet mandated in Canada, voluntary adoption can offer Canadian businesses a competitive edge, improve investor confidence, and support access to global capital markets.
To help Canadian preparers navigate implementation, we’ve compiled the most relevant ISSB resources and guidance—all in one place.
Quick Overview
- CSDS 1 and CSDS 2 are aligned with IFRS S1 & S2.
- Transition reliefs in CSDS allow for phased implementation in Canada.
- ISSB implementation support applies directly to Canadian organizations preparing to adopt the standards voluntarily.
Read more about CSDS 1 and CSDS 2.
Transition Implementation Group (TIG)
The ISSB’s Transition Implementation Group (TIG) addresses questions from early adopters and publishes non-authoritative staff responses.
Key TIG topics include:
- Revising prior-period estimates
- Scope 3 emissions disclosures
- Comparative information after acquisitions or disposals
- Proportionality and data limitations
Explore specific TIG guidance.
Educational Material
ISSB provides in-depth resources to help preparers understand and apply IFRS S1 and IFRS S2.
Notable resource topics include:
- Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards
- Sustainability-related risks and opportunities and the disclosure of material information
- Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS S2
Explore a curated list of notable ISSB educational resources.
Upcoming Changes to SASB Standards
The ISSB is updating 12 SASB industry standards to better align with IFRS S1 and S2. This is especially relevant for sectors such as:
- Mining & Metals
- Oil & Gas
- Agriculture
- Utilities
- Processed Foods
Stay tuned for the ISSB’s exposure draft on changes to SASB standards.
Other information
Read the ISSB FAQs.
Visit the ISSB Knowledge Hub for more support.