Somebody said that it couldn’t be done
It is now time to turn our legacy over to the new home: the IFRS Foundation - Mardi McBrien
IFRS Foundation completes consolidation of CDSB from CDP
The IFRS Foundation, CDP and the Climate Disclosure Standards Board (CDSB) are pleased to confirm that, further to the announcement of 3 November 2021, CDSB has today been consolidated into the IFRS Foundation.
Emmanuel Faber appointed to lead the International Sustainability Standards Board
The Trustees of the IFRS Foundation today announced the appointment of Emmanuel Faber to serve as Chair of the International Sustainability Standards Board (ISSB), effective 1 January 2022.
Corporate Reporting Dialogue dissolves, as global harmonization efforts take hold
The Corporate Reporting Dialogue has dissolved, citing the success of its mission given the upcoming consolidation of four of its seven members.
We can’t afford fragmented financial reporting
Hundreds of billions of dollars each year are spent on our fragmented financial reporting system. With CDSB’s announcement that it will sunset early next year and converge to form the International Sustainability Standards Board (ISSB), it is worth reflecting upon the foundational work CDSB and the sustainability reporting community have been involved in across the years, and how a great deal of it remains relevant to the future work of the ISSB.
We filled a gap for 15 years, now the ISSB will take us the rest of the way
Wednesday, 3 November, was a historic day at the COP26 climate summit in Glasgow. The news of the ISSB resonated globally...
Connecting CEO legacy, GHG emissions, climate in-action and mainstream reports
In this article the carbon footprint idea comes full circle to big polluters and the CEO’s who are accountable.
You can’t opt out of financial reporting, so why does it continue to be okay to opt out of reporting financially material sustainability risks?
CDSB Managing Director Mardi McBrien says reporting will need to play a key part in the world achieving the World Business Council’s Vision2050 strategy.
TCFD Status Report – Following the brick road to better disclosures
Written by Mardi McBrien, Managing Director of CDSB
IFRS Technical Readiness Working Group: purpose and progress
The IFRS Foundation has today published a webcast explaining the role of the Technical Readiness Working Group (TRWG)
The good, the bad and the ugly. What went down?
Last Thursday, CDSB hosted a webinar to look back at some of the common practices of TCFD reporting that have emerged, now that we have had the reporting standard for four years. From "sustain-a-babbling" to TCFD light (diet version), the panellists had seen it all and did not hold back the lassos. Here are some of the good, bad and ugly moments of this London Climate Action Week webinar event.
Covid inequalities highlight the pressing need for social reporting
The lasting impact of the Covid-19 pandemic on our personal lives is evident. Beginning with the loss of loved ones and extending to how we work, shop, and socialise. But what will the impact be to our societies and economies in the long run? The truth is that the long-term ramifications are far from clear.
10 stakeholders issue a joint statement on EU sustainable corporate governance
ACCA, Accountancy Europe, CDSB, Eurosif, Frank Bold, PGGM, WWF, Schroders, WBA, and ShareAction welcome the European Commission’s initiative to improve the regulatory framework on corporate governance and stress several areas that should be addressed in the reform.
How can companies better report on environmental risks?
Findings show a deep misalignment between sustainability reports and mainstream findings, indicating the need for an improved understanding of risk.
CDSB welcomes IFRS statement on sustainability standards
A welcome pace as IFRS Trustees take further steps towards a global approach to sustainability standards.
CDSB welcomes SEC move to focus on climate-related disclosure in public company filings
CDSB welcomes Acting Chair Allison Lee's announcement that she is directing the SEC to enhance its focus on climate-related disclosure in public company filings and revise its existing guidance on climate-related disclosure. CDSB stands ready to support the SEC and the US market in improving climate-related disclosures in their mainstream filings.
Introduction to TCFD (IBM Think Summit)
CDSB’s Managing Director, Mardi McBrien, introduced the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) at the IBM Think Summit Australia & New Zealand.
The UK Financial Reporting Council explores the future of corporate reporting
CDSB supports the FRC’s proposals, stressing several points that are essential to achieving a practical framework for corporate reporting in the UK.
Global sustainability and integrated reporting organisations launch prototype climate-related financial disclosure standard
Joint press release by CDP, CDSB, GRI, IIRC and SASB
People and Planet in the Accounts: non-financial disclosures – the rubber’s not hit the road… yet
Mardi McBrien says that when it comes to putting people and planet into the accounts, the moment of truth is still some way off but is fast approaching.
Open Letter to Erik Thedéen, Director General of Finansinspektionen, Sweden, Chair of the Sustainable Finance Task Force of the International Organization of Securities Commissions (IOSCO)
CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) have written an open letter to Erik Thedéen, Director General of Finansinspektionen, Sweden, and Chair of the Sustainable Finance Task Force of the International Organization of Securities Commissions (IOSCO).
Beyond harmonisation: Building a non-financial reporting community of practice
Dr Tim Kasim, member of the CDSB Technical Working Group, discusses harmonisation as an opportunity for creating a community of practice which transcends institutional boundaries, and offers some insight for harnessing tensions into a productive friction in a community of practice.
CDSB welcomes WEF report on common metrics
The World Economic Forum’s report on common metrics and consistent reporting is written in partnership with Deloitte, EY, KPMG and PwC.
CDSB welcomes call from global investor groups to reflect climate-related risks in financial reporting
CDSB welcomes letter by investors calling for climate-related risks to be considered a material factor.
Major framework- and standard-setting institutions commit to working on a global comprehensive reporting system
Five global organisations, whose frameworks, standards and platforms guide the majority of sustainability and integrated reporting, announce a shared vision of what is needed for progress towards comprehensive corporate reporting – and the intent to work together to achieve it.
Breaching the data gap: CDSB's response to joint ESA consultation on ESG disclosures
Axelle Blanchard summarised the key points of CDSB's response to the joint consultation
CDSB’s Climate Guidance marks the launch of application series
Climate Disclosure Standards Board (CDSB) released the CDSB Framework application guidance for climate-related disclosure (Climate Guidance). The release is the first in a series of guides on nature-related financial disclosure, with Water Guidance to follow early next year.
2020: The disruption and the lasting change
Last week the world’s largest asset manager, BlackRock, announced that it voted against 53 companies worldwide due to lack of progress on climate concerns. CDSB’s Senior Technical Officer, David Astley, warns that the “freshness” of climate reporting phenomenon should not be mistaken for fleetingness.
Four steps to a stronger TCFD disclosure
Ricardo, a global strategic engineering and environmental consultancy that specialises in the transport, energy and scarce resources sectors, outlined four steps to strengthen climate-related disclosure in line with the TCFD Recommendations.
CDSB’s ambitious push towards climate & nature-related financial reporting wins support from EU LIFE Programme
A four-year plan is currently underway by Climate Disclosure Standards Board (CDSB) in a bid to bring natural capital, including climate change, into the heart of financial decision-making.
CDSB publishes changes needed to ensure successful revision of the EU Non-Financial Reporting Directive
Non-financial reporting must be in the management report to satisfy investor needs and ensure that the Directive on Non-Financial Reporting is fit for purpose to achieve Europe’s ambitious sustainable finance goals.
Second time lucky? How to make the EU Non-Financial Reporting Directive work this time around
Mardi McBrien, CDSB's Managing Director, outlines how the EU Non-Financial Reporting Directive (NFRD) should be rewritten to make it work for investors.
CDSB and CDP release handbook to meet challenges of environmental and climate reporting across the EU
The EU Environmental Reporting Handbook evaluates company disclosure in line with the Non-Financial Reporting Directive
Scope 4: do we need a new category of emissions to better address corporate climate action?
CDSB's Technical Working Group member, Jarlath Molloy, investigates whether the progress being made by companies to reduce their greenhouse (GHG) emissions has been overlooked to date and what a solution could be.
Which ESG issues are most important to corporate sustainability?
Recent research by CDSB and WBCSD has found 40 ESG issues key to corporate sustainability, including 10 emergent issues. Here we present the findings of the research and offer helpful tips to companies on how they can better report against them.
8 ambitious ways to improve your non-financial reporting practices
CDSB, WBCSD and RY discuss their top tips for enhancing corporate reporting based on the findings of Reporting Matters 2019.