In December, the Canadian Sustainability Standards Board (CSSB) will release Canada’s edition of international sustainability investment standards, offering the CSDS 1 and CSDS 2 metrics. These new voluntary disclosure metrics aim to enhance ESG reporting and carbon neutral strategy efforts by providing consistency, comparability, and transparency in sustainability data, crucial for institutional investors. 

The CSSB has developed these standards based on the International Sustainability Standards Board’s (ISSB) framework but has tailored them to Canada’s specific needs, following input from over 3,900 individuals and 700 organizations, including government bodies, regulators, advocacy groups, and policymakers. Bruce Marchand, CSSB’s interim chair, highlighted that feedback was essential in aligning the standards with international frameworks while ensuring they cater to Canada’s public interest. 

This Canadian launch marks a significant step toward enhancing ESG transparency for investors, giving businesses a structured approach to showcase their commitment to sustainable practices, and aiding in the development of robust carbon-neutral strategies across industries. 

Sources:  

https://www.benefitscanada.com/canadian-investment-review/strategies/canadian-sustainability-investment-standards-to-launch-in-december/ 

https://mcmillan.ca/insights/towards-a-shared-understanding-canadas-new-sustainable-investment-guidelines-mandated-climate-disclosures/ 

https://esgnews.com/canada-to-launch-new-sustainable-investment-taxonomy-to-drive-net-zero-progress/ 

https://www.canada.ca/en/department-finance/news/2024/10/government-advances-made-in-canada-sustainable-investment-guidelines-and-mandatory-climate-disclosures-to-accelerate-progress-to-net-zero-emissions.html