The Canadian Sustainability Standards Board (CSSB) has launched the Canadian Sustainability Disclosure Standards (CSDSs) to enhance corporate transparency and align with global sustainability frameworks. This initiative supports Canada’s ESG commitments and strengthens its carbon neutral strategy by providing businesses with standardized guidelines for sustainability reporting. 

The CSSB, established in 2022, introduced CSDS 1 and CSDS 2 to align with the International Sustainability Standards Board (ISSB) while incorporating Canadian-specific modifications. These standards aim to simplify reporting requirements for organizations, ensuring consistency with global frameworks while addressing local priorities. By reducing reporting burdens, CSDSs help companies efficiently integrate sustainability metrics into their financial disclosures, promoting responsible investment and long-term growth. 

Key modifications include transition relief measures, offering extended timelines for Scope 3 greenhouse gas (GHG) emissions reporting and climate scenario analysis. These adjustments acknowledge the challenges businesses face in data collection and infrastructure readiness, ensuring a smooth transition to comprehensive sustainability reporting. 

A crucial aspect of CSDSs is the integration of Indigenous perspectives. Recognizing the importance of inclusive sustainability strategies, the CSSB engaged Indigenous communities during the development process. The board has committed to further advancing Indigenous participation in sustainability governance through its 2025–2028 Strategic Plan. 

Adoption of CSDSs remains voluntary unless mandated by regulators or government entities. However, growing investor demand and supply chain requirements are expected to drive widespread implementation. The CSSB continues to collaborate with Canadian regulatory bodies, including the Canadian Securities Administrators and the Office of the Superintendent of Financial Institutions, to facilitate broader adoption. 

By refining its ESG disclosure framework, Canada is positioning itself as a leader in sustainable finance. These new standards enhance corporate accountability, support the nation’s carbon neutral strategy, and ensure businesses remain competitive in the evolving global sustainability landscape. 

출처: 

https://goodmenproject.com/featured-content/canadian-global-alignment-sustainability-standards-sjbn/ 

https://cse-net.org/canada-sustainability-disclosure-standards/ 

https://esgnews.com/canada-releases-first-sustainability-disclosure-standards-in-alignment-with-issb-global-framework/ 

https://www.esgtoday.com/canadas-cssb-releases-ifrs-based-sustainability-and-climate-reporting-standards/