On 31st January 2022, the Climate Disclosure Standards Board (CDSB) was consolidated into the IFRS Foundation to support the work of the newly established International Sustainability Standards Board (ISSB). While this site and its resources remain relevant for preparers looking to improve sustainability disclosure until such time as the ISSB issues its IFRS Sustainability Disclosure Standards on such topics, no further work or guidance will be produced or published by CDSB. For further information please visit the IFRS website.
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.
On 27th January, 15 years to the day after CDSB's formation, we hosted an event to celebrate the completion of our mission and the sunsetting of our organisation into the IFRS Foundation to support the work of 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.
The Biodiversity Application Guidance is part of a series of CDSB Framework application guidance, which aims to extend the TCFD recommendations and its core elements to nature
The Water Guidance offers companies a means of developing their reporting practices and ensuring that investors are receiving the information needed to drive the transition to a sustainable, resilient, and water secure economy.
CDSB welcomes the Renewed Sustainable Finance Strategy and the EU’s intention to contribute to the development of ambitious reporting standards in Europe and beyond, building on the recommendations of the Task Force on Climate-Related Financial Disclosures.
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.
The Climate Disclosure Standards Board (CDSB) is encouraged to see the Taskforce on Nature-related Financial Disclosures (TNFD) achieve significant traction in making nature an area of focus for the business community globally, as the standard setters look to create a unified system for sustainability reporting.
The Climate Disclosure Standards Board (CDSB) is looking for technical accounting support in developing additional guidance on integrating climate-related matters into financial reporting.
CDSB welcomes the much-awaited publication of the Corporate Sustainability Reporting Directive (CSRD). The suggested changes presented by the European Commission represent a solid foundation to start discussions, but some improvements are needed.
The UK’s consultation to implement the TCFD in its mandatory requirements means that it could be the first G20 country to implement the Task Force’s recommendations.
The EU Commission-appointed European Financial Reporting Advisory Group (EFRAG) Project Task Force published its final report on the creation of European non-financial reporting standards. CDSB welcomes recommendations on international co-construction and digitisation, but cautions around areas of duplication that can be avoided.
CDSB and the World Benchmarking Alliance (WBA) issued recommendations based on discussion in a multi-stakeholder roundtable hosted by the two organisations to strengthen policy coherence between the different legislations and requirements of the EU sustainable finance agenda.
IOSCO sees an urgent need for globally consistent, comparable, and reliable sustainability disclosure standards and announces its priorities and vision for a Sustainability Standards Board under the IFRS Foundation.
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.
Through extensive global stakeholder engagement and 576 comment letters submitted, the IFRS Foundation’s Trustees have seen broad demand for the IFRS Foundation to play a role in creating a globally consistent sustainability reporting landscape.
The members of the Alliance for Corporate Transparency (including CDSB) have combined their expertise and aligned positions on the key priorities for the reform of the EU Non-Financial Reporting Directive and development of standards on corporate sustainability disclosures.
The third consecutive review of environmental and climate-related disclosures in Europe shows signs of improvement, but the information remains insufficient for investment decision-making.
The joint capacity building activities for stock exchanges and regulators will help strengthen the support activities for climate-related disclosures and green finance.
29th October 2020 – The International Organisation of Securities Commissions has today endorsed efforts by the world’s most widely used ESG standards and the IFRS Foundation to align sustainability reporting globally.
The plenary session of the European Parliament has confirmed this week that it is willing to support an ambitious 60% emission reduction target for 2030 as part of the European Climate Law. The decision was made by a narrow margin in European Parliament and negotiations with the Member States will now take place. What does this mean for the EU’s climate ambitions?
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).
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.
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.
Natural capital disclosure is still in its nascence, despite the fact that businesses and their investors have already been exposed to its financial impacts. For the financial sector to be able to take natural capital into account, they need nature-related financial information from the businesses they invest in.
On 15 July, CDSB submitted its response to the European Commission’s public consultation on a renewed sustainable finance strategy. We have summarised the key points of our response.
ACCA, Accountancy Europe, Association of German Banks (BdB), CDSB, EFAMA, Frank Bold, IIGCC, Schroders, ShareAction, WWF have decided to form an informal group on Sustainable Finance. The group is used as a platform for collaboration and coordination and can serve in the future as a useful forum for further interactions with the EU institutions.
Current corporate reporting practices could fall short on delivering on the objectives of the European Green Deal and the 2050 climate neutrality target.
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 welcomes the UK Financial Conduct Authority’s (FCA) efforts to speed up the uptake of high-quality climate-related financial reporting by premium listed companies, but warns that a comply or explain approach will not result in a timely and adequate response to the climate risks faced by the market.
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.
CDSB launches consultation to advance the disclosure of nature-related financial information in the mainstream report and explore the role of the CDSB Framework in this process.
The Japanese version of the TCFD Implementation Guide, which launched at the TCFD Summit this October, provides localised guidance for climate-related financial disclosure.
Better Alignment Project report released today shows high levels of alignment between the frameworks on the basis of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations
CDSB is seeking feedback from companies, investors, regulators and others on the Guide to inform its future work and ensure we deliver on market needs.
Participants of the Corporate Reporting Dialogue will announce the findings of their global market consultation on building better alignment via a webinar on Tuesday 25 June 2019.
The GEI’s standardized reporting framework allows investors to compare how companies around the world are investing in women in the workplace, the supply chain, and the communities in which they operate
Extreme weather, failure of climate-change mitigation and adaptation, as well as natural disasters ranked as top 3 most severe risks in the WEF annual report.
The Climate Disclosure Standards Board (CDSB) has been listed as a key player to watch by the 2019 State of Green Business report produced in partnership with Trucost, part of S&P Global.
The Association of Chartered Certified Accountants (ACCA) in collaboration with thinktank, Ex'Tax Project published a new report “Tax as a Force for Good”, outlining how shifting tax burden from labour to natural resource use, pollution and consumption could help meet the goals of the Paris Climate Agreement, the UN Sustainable Development Goals (SDGs), and an inclusive circular economy.
Hosted by C2ES, this webinar focuses on frameworks developed by the Sustainability Accounting Standards Board (SASB) and the Climate Disclosure Standards Board (CDSB) to facilitate the implementation of TCFD recommendations.
Today the Coalition Group (of which CDSB is a member), together with the Financial Reporting Council (FRC), launched the Wates Corporate Governance Principles for Large Private Companies.
Major international corporate reporting standard setters and framework providers have today announced a ground-breaking new two-year project focused on driving better alignment in the corporate reporting landscape, to make it easier for companies to prepare effective and coherent disclosures that meet the information needs of capital markets and society.
Following a webinar discussing the first steps of getting started with scenario analysis, this session takes a deeper dive by discussing 2 cases studies of how companies have undertaken their scenario analyses. The case studies are presented by South Pole.
This webinar looks at how companies can structure their disclosure in line with the TCFD recommendations using the CDP disclosure questionnaire and the CDSB Framework.
This webinar provides practical information and first steps for companies who have publicly committed to implement the TCFD recommendations. We will attempt to assist companies starting to understand how scenario analysis applies to their business, provide some guidance on scenario analysis within the context of the overall disclosure recommendations as well as signposts to useful support resources.
Chartered Accountants Australia and New Zealand has partnered with the Climate Disclosure Standards Board to bring you this webinar to explore the latest developments in climate-related financial disclosure. The webinar provides an overview of why including climate change related-risks in financial disclosures is becoming more mainstream, and what this might mean for the accounting profession.
Following the release of the final report of the Task Force on Climate-related Financial Disclosures recommendations, companies may wish to explore how they might implement them effectively. We heard from a series of experts who provided a deeper view on the issues companies need to take into account to report climate-related financial information for the first time, starting from a checklist of practical steps companies can take now and looking at some of the accounting challenges that will arise.
This webinar provides an overview of the regulatory landscape in relation to the TCFD recommendations and climate risk, in addition to a detailed analysis of the current situation in Australia and the UK.
In the past few months, CDSB held various workshops on the TCFD recommendations to provide guidance on the topic and gather feedback on the challenges and solutions that organizations are adopting on this journey.
In the past year, CDSB ran a series of webinars and workshops to raise awareness on the TCFD recommendations and climate risk disclosures. This infographic shows some of the key themes that emerged from the conversations with our audience.
Today the UK Environmental Audit Committee released its latest report “Greening finance: embedding sustainability in financial decision making”, as a result of its Green Finance Inquiry into climate change reporting regulation.
Between October and March, we held a number of interactive workshops on the TCFD recommendations and climate risks to provide some guidance on the topic and gather feedback on the significant challenges that organizations are facing on this journey.
Scenario analysis presents one of the biggest challenges organizations are facing when reporting climate information following the TCFD recommendations. Here are a few tips to get you started.
Finding the right resources to implement the recommendations of the Task Force on Climate-related Financial Disclosures can be hard. Together with the TCFD, we have launched a Knowledge Hub to support businesses implement the TCFD recommendations.
Today, the World Business Council for Sustainable Development (WBCSD) and the Climate Disclosure Standards Board (CDSB) released its second report as part of a series called Insights from the Reporting Exchange.
Michael Wilkins, Head of Sustainable Finance at S&P Global Ratings writes about the latest developments in the green bonds market and its connection to climate reporting
Today, the World Business Council for Sustainable Development (WBCSD) and the Climate Disclosure Standards Board (CDSB) released a new report that maps global and regional Environmental, Social and Governance (ESG) reporting trends.
Today, the World Business Council for Sustainable Development (WBCSD) and the Climate Disclosure Standards Board (CDSB) release the second case study in a series designed to provide insights into the sustainability reporting trends across various countries covered by the Reporting Exchange.
On 31st January, the EU High-Level Expert Group on Sustainable Finance (HLEG) released its recommendations for Financing a Sustainable European Economy. This is a summary of and initial reactions to its recommendations around TCFD implementation.
Following the release of our discussion paper "Materiality and climate-related financial disclosures", we hosted this webinar to discuss the key challenges we identified for the application of materiality to climate-related financial disclosures, highlighting potential strategies for materiality determination.
CDSB's Technical Working Group member Dr. Jane Thostrup Jagd presents the Integrated Ratio Guideline, a new tool to calculate non-financial and integrated ratios
CDSB's new discussion paper looks at the application of materiality to climate-related financial disclosures, highlighting the main challenges and potential strategies for materiality determination
This webinar provides an overview of the regulatory landscape in relation to the TCFD recommendations and climate risk, in addition to a detailed analysis of the current situation in Australia and the UK.
The Task Force on Climate-related Financial Disclosures will be working with CDSB to develop a knowledge hub to better support companies interested in implementing its recommendations.
This paper is designed to drive conversations about how companies can use the accounting standards to deliver on the TCFD recommendations, focusing mainly on IFRS 7 and 9
The consultation on the Climate-Related Financial Disclosure recommendations released by the TCFD in December 2016 is now over. Our response reflects almost ten years of thinking and work we have done with our Board and Technical Working Group members.
This collaborative letter to the EU Commission highlights the need to align the non-financial reporting guidelines with the FSB Task Force on Climate-related Financial Disclosure’s recommendations
Navigating the technicality of the over 200 pages of the report is a daunting task. This factsheet presents the answers to 20 questions we know will be crucial to understand why the work of the Task Force matters and how organizations can implement the recommendations.
Are you wondering how to navigate the complexity of sustainability reporting? From today, you can use the new Reporting Exchange beta to help make sense of over 1,000 reporting requirements and resources on sustainability reporting from around the world.
With a few weeks left until the official release of the draft set of recommendations for companies to disclose climate-related financial information, we round up the main questions that will help you understand what they mean and why this matters.
CDSB joins a consortium of European sustainable finance organisations launching a plan to solve Europe’s investment crisis, on the day the European Commission publishes further details of its expert group on sustainable finance.
At the start of New York Climate Week 2016, CDSB and CDP reflect on the Task Force for Climate related Financial Disclosures and the role of the reporting community in supporting the successful implementation of their recommendations.
From 2016, certain companies in EU Member States are required to report non-financial information in their management report, but what could this look like?
CDSB has been shortlisted in the public sector and third sector category which recognises those organisations that are part of a government department or local authority, charities or not-for-profit organisations.
EU and international experts discussed the relevance and interaction of the various existing non-financial and sustainability reporting frameworks at a recent ACCA-CDSB roundtable in Brussels.
In the wake of the Paris climate agreement, ClientEarth, along with partners, has written to a European financial authority urging it to promote climate risk disclosures from fossil fuel companies across the EU.
Hot on the heels of a historic climate deal in Paris, the Carbon Tracker Initiative and CDSB have launched proposals for risk reporting by fossil fuel companies in Davos.
The Climate Disclosure Standards Board and CDP welcome the Financial Stability Board's (FSB) announcement today at COP21 of the formation of an industry-led Climate Disclosure Task Force (CDTF) which will bring together best practice climate disclosure under the chairmanship of Michael R. Bloomberg.
Congratulations to Vodafone, the 100th corporate signatory to the Statement on fiduciary duty & climate change disclosure. The Statement has now surpassed 150 signatories overall.
The Governor of the Bank of England called for a task force to address lack of reliable climate change information in markets, however it is important to act quickly and not to reinvent the wheel.
The expanded CDSB Framework is now available for companies to integrate environmental information and natural capital into mainstream corporate reports.
Some fossil fuel companies are failing in their legal duty to address climate risk in their reporting, a group of non-profit organisations working in the financial and regulatory sphere said today.
The statement, signed at the time of the launch of the CDSB Reporting Framework for environmental and natural capital information, sets out how CDSB and the IIRC collaborate.
ASrIA becomes the newest signatory to the Statement on fiduciary duty & climate change disclosure, a commitment to make use of climate change-related information as a matter of fiduciary duty.
London, 20 April 2015. The United Nations-supported Principles for Responsible Investment (PRI) Initiative is the newest signatory to the Statement on fiduciary duty & climate change disclosure, a commitment to make use of climate change-related information as a matter of fiduciary duty.
WBCSD and the Climate Disclosure Standards Board (CDSB) are developing a web-based tool and database to help business understand and navigate the complex and fragmented corporate sustainability reporting landscape.
CDSB has worked with software development company Arkk Solutions and carbon and climate change advisory firm Promethium Carbon to test this way of reporting information to CDP.
CDSB drafted corporate climate change reporting requirements for adoption by stock exchanges, to strengthen the resilience of financial markets against climate change impacts.
CDSB invites public comment on its draft Reporting Framework as it expands beyond climate change to include information on natural capital, namely forest risk commodities and water.
Investor network concludes that SEC’s commitment to facilitating adequate climate disclosure does not reflect the increasing risks and opportunities posed by climate change for investors.
The World Economic Forum’s 44th Annual Meeting will today discuss the risks to capital markets associated with carbon asset stranding and will signal CDSB’s Reporting Framework as an essential tool for helping markets to recognise and respond to those risks.
New environmental regulations are being discussed in North and South America and there are broader moves towards integrating non-financial with financial reporting for investors and other stakeholders.
CDSB has launched new guidance aimed at UK quoted companies disclosing their Greenhouse Gas emissions (GHG) to comply with recent amendments to the UK Companies Act 2006 (Strategic Report and Directors’ Report).
The CDSB Secretariat welcomes Dr Jarlath Molloy to its team. Jarlath will be responsible for managing the expansion of the CDSB Reporting Framework to cover forests and water, including leading the research, development of the Framework and public consultation of the new Framework.
CDSB has become a supporter of the Natural Capital Declaration (NCD), with the primary focus of building a global consensus around natural capital reporting requirements.
Recording of reporting experts from climate change and corporate reporting highlighting possible issues and discuss solutions to help your organisation conform to the new greenhouse gas reporting requirements in the UK Companies Act 2006 and beyond.
Recording of a webinar that positions the new UK GHG reporting regulations in context shows how conformance with CDSB's Reporting Framework is a means of compliance.
Businesses in Japan and Korea are working on enhancing their investor relations with the help of CDSB’s Framework. CDSB has released two reports based on the Japanese and Korean experience and context of corporate non-financial reporting.
2 May 2013 - CDSB, IETA and international academics called for clarification of financial accounting rules for emissions trading and offer to provide practical support.
With a plethora of standards hampering progress in carbon accounting, a 2 day workshop was held on January 14-15 to follow up on Dr Heather Lovell’s 2010 paper on the Multiple Frames of Carbon Accounting* and discuss how to move forward with carbon financial accounting. Can we rely on existing standards or is there a need to start from the ground up?
A Guide to assist companies using our Framework is now available. Developed in Partnership with the ACCA, the Guide aims to help people tasked with integrating climate change information in financial reports. Read on to find look at how to make the most of communicating climate change in financial reports and ensure its relevance for the investment community.
In April 2013, the UK Government will be introducing new additions to the Companies Act 2006 on reporting GHG emissions and information regarding environmental matters. For answers to questions and to find out how to make the most of the mandate, join our webinar on April 25.
March 1, Johannesburg Stock Exchange: CDSB, in partnership with Promethium Carbon, have released their new report ‘Climate Change: Your journey to Integrated Reporting’. The report aligns the principles of Integrated Reporting with the Climate Change Reporting Framework and is a helpful tool for those thinking about integrated corporate reporting.
Promethium Carbon and the Climate Disclosure Standards Board (CDSB) have developed this publication to provide CEOs, CFOs, reporting committees and internal auditors with a reference tool on integrated and climate change-related reporting.
CDP and CDSB support BIS’ objectives to provide clarity on narrative disclosure requirements and to streamline existing arrangements. However, we encourage BIS to define exactly meant by the words “business model” and “strategy”, as well as clarify whether the upcoming GHG reporting regulations qualify as compliance with the requirements outlined in this update.CDP and CDSB has reponded to the consultation on the draft update to narrative reporting requirements in the UK. Click here to download the full response.
London, UK – November 6th 2012: The Carbon Disclosure Project (CDP) and the Climate Disclosure Standards Board (CDSB), a special project of CDP’s, today release an XBRL climate change reporting taxonomy. This is designed to transform the way companies report their climate change information by making the process easier and more streamlined. It will also facilitate the future integration of climate change data into mainstream financial reports by enabling easy extraction of material climate information.
Are you a UK Quoted Company? If so, a proposed UK regulation requiring disclosure of GHG emissions may affect the content of your annual report. Hear leading accountants and non-financial disclosure professionals discuss the draft law and get an introduction to the new requirements.
CDSB has released a Working Paper entitled “The Case for Consistency in Corporate Climate Change-Related Reporting”. The Working Paper supports and advances inter-agency project work by CDSB, the GRI, OECD and UNCTAD to examine consistency in climate change-related reporting.
On March 27, Mardi McBrien, Chief Operating Officer of CDSB will be joining the discussion at The Australian GRI Conference on Sustainability and Integrated Reporting:
FRAMEWORKS IN A FISHBOWL
Understanding how to apply different normative frameworks for sustainability is challenging. Delegates at the Conference bring experience, questions and opinions on sustainability reporting and management, and talking to each other is key to gaining a better understanding of how to use the frameworks available. An interactive ‘fishbowl’ approach will be used at the Conference to explore the different fra
Wed, Mar 21 2012 - Today's edition of The Independent features a Q&A article written by CDSB's CEO, Lois Guthrie. The piece is in a special supplement on the evolution of sustainable accounting. Lois gives her expert opinion on questions such as "Why is accounting for sustainability important in the corporate sector?"
16 March 2012, Room XXV, Palais des Nations, Geneva - Join CDSB's CEO Lois Guthrie as she moderates a session on the information needs of a green economy.
Companies report climate change related-information under an increasing number of mandatory and voluntary reporting frameworks. This survey is designed to gain feedback from companies on the challenges of climate change reporting and to identify opportunities for greater consistency.
CDSB are pleased to invite you to a special APPGCC event to introduce you to the “Consistency Project” which is a joint initiative of CDSB, GRI, OECD and UNCTAD.
CDSB’s membership, partners, technical agenda and engagement plans have expanded rapidly over the last 6 months, driven by the success of the launch of the Climate Change Reporting Framework (CCRF) in September 2010.
CDSB welcomes a new member organization to its Board, the World Business Council for Sustainable Development (WBCSD) represented by Matthew Bateson and Andrea Brown from WBCSD’s energy & climate focus area. CDSB’s Chairman, Rick Samans, has been appointed Executive Director of the Global Green Growth Institute and continues to work with the World Economic Forum promoting green gro
CDSB wishes to thank all those organisations that have responded to its public consultation on the draft Reporting Framework.Following requests from organisations wishing to participate in the public consultation, CDSB confirms that the Board will continue to accept responses to the consultation until 31 October 2009.In view of the extended deadline for comments and the complexity of issues emerging from the consultation, CDSB plans to defer publication of its updated Framework until after December 2009.
The Climate Disclosure Standards Board (CDSB) is collaborating with the Prince’s Accounting for Sustainability Project (A4S) to ensure consistency of approach between the organizations as they work towards mutual goals.
According to the Climate Change Act 2008, there must be regulations under S416(4) of the Companies Act 2006 requiring the director's report to contain information about greenhouse gas emissions for activities for which the company is responsible.
The report "Financial Institutions: Taking Greenhouse Gas Emmissions into Account" was commissioned and funded by the UK Department of the Environment, Food and Rural Affairs (DEFRA).