Below is an excerpt from ISS-Corporate’s recently released article “Canada Pushes Forward with Sustainability Disclosure Standards”. The full article is available on the ISS-Corporate online library.
The Canadian Sustainability Standards Board (CSSB) is moving to establish sustainability disclosure standards for Canadian companies. On March 13, 2024, CSSB published two exposure drafts for the Canadian Sustainability Disclosure Standards (CSDS) – CSDS 1 and CSDS 2 – and announced the opening of a public consultation period during which it will collect feedback on the proposed Standards for the Canadian. Following the end of the 90-day consultation period on June 10, 2024, CSSB will aim to finalize the standards by the end of the fourth quarter of 2024, marking another milestone towards the adoption of sustainability disclosure standards in Canada.
The Canadian Securities Administrators (CSA) is then expected to integrate the final CSSB standards into its own proposed rules on mandatory climate-related disclosures. However, the CSA anticipates adopting only the provisions of the CSSB standards relevant to supporting climate-related disclosures.
By:
Wesley Leung, Sustainability Advisor, ISS-Corporate
Kieran Woodsworth, Sustainability Advisor, ISS-Corporate
