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.

News

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.

CDSB Sunset event – watch the recording

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.

Launch of TNFD highlights pressing need for unified reporting standards

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.

CDSB’s reactions on the EFRAG report on EU sustainability reporting standard-setting

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.

In response to IOSCO

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 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.

Progress on the road to a European Climate Law

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?

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).

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.

CDSB warns a comply or explain approach is not sufficient in reaction to UK FCA’s Proposals to enhance climate-related disclosure by listed issuers and clarification of existing disclosure obligations

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.

CDSB listed as a key player to watch in 2019

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.

Tax as a force for good: Rebalancing our tax systems to support a global economy for the future

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.

Webinar: A Practical Guide to Climate Disclosures

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.

Leading corporate reporting bodies launch two-year project for better alignment

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.

Webinar: Scenario analysis case studies

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.

Webinar: TCFD scenario analysis – First steps

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.

Webinar: The significance of climate related risks and new recommendations for financial disclosure

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.

Webinar: How to prepare for the TCFD recommendations

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.

What to expect from the months ahead

Returning to her role of Managing Director from maternity leave, Mardi McBrien writes about CDSB’s mission and what to expect from the year ahead

Infographic: What organisations have said about the TCFD

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.

Looking back at 10 years of CDSB

Mardi McBrien writes her personal reflections on the past 10 years of CDSB, highlighting the key achievements of the organisation.

Green capital: driving sustainable growth

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

Will Europe be first to adopt the TCFD recommendations?

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.

Webinar: Materiality and the TCFD

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.

TCFD Knowledge Hub to be launched in Spring 2018

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.

Climate risk and TCFD event series

CDSB is organising a series of capacity building workshops and webinars to support rapid, high-quality implementation of the TCFD recommendations.

CDSB statement on the FRC advice

Our response to the FRC letter drawing companies' attention to the changes to reporting requirements and areas for improvement

June newsletter: TCFD special edition

This special edition of CDSB's newsletter rounds up key information on the TCFD recommendations and how companies can begin implementation

Factsheet: a guide to the Task Force 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.

Plan launched to tackle European investment crisis

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.

A happier horizon

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.

A consistent approach to climate risk disclosure

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.

Mark Carney appoints Michael Bloomberg as Climate Disclosure Task Force Chair

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.

CDSB Framework launched

The expanded CDSB Framework is now available for companies to integrate environmental information and natural capital into mainstream corporate reports.

CDSB responds to UNEP inquiry

CDSB submitted response to UNEP’s inquiry on aligning the financial system with sustainable development.

Dr Jarlath Molloy

New Secretariat member - Dr Jarlath Molloy, Technical Manager

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.

Video: Compliance and practicalities of using CDSB's Framework

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.

Japan and Korea companies trial CDSB’s Framework

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.

View of Edinburgh

Rethinking Financial Accounting for Carbon

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?

Using CDSB’s Framework just became even easier

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.

Law books

Upcoming changes in the UK Regulation Landscape

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.

Climate Change in Integrated Reporting

Report Released: Climate Change: Your journey to Integrated Reporting

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.

Climate Change - Your Journey to Integrated 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.

Canary Wharf

UK proposed narrative reporting regulations response

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.

New technology for climate change reporting now available to trial

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.

Video: Getting answers to UK requirements on mandatory GHG reporting

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.

Internship opportunity

CDSB are looking to recruit a project support intern to assist in with their busy global Secretariat.

The case for consistency in climate change-related reporting

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.

CDSB's COO in the fishbowl at Australian Sustainability & IR Conference

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

CDSB's CEO featured in The Independent

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?"

CDSB Symposium - Japan

CDSB Symposium - 23/02/12, 13:00 - 17:30.Venue - Roppongi Academy Hills 49, Japan

APPCCG event

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 Board on the move

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 Exposure Draft Launched

CDSB has launched its proposed Framework for the inclusion of climate change data in mainstream reports.

CDSB Public Consultation on Draft Reporting Framework - update

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.

CDSB to hold side event at COP 15

The event will be chaired by Michael Izza, Chief Executive of the Institute of Chartered Accountants in England and Wales (ICAEW).

Financial Institutions and Climate Change

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).