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.

About the Climate Disclosure Standards Board

CDSB is an international consortium of business and environmental NGOs. We are committed to advancing and aligning the global mainstream corporate reporting model to equate natural capital with financial capital.

We do this by offering companies a framework for reporting environmental information with the same rigour as financial information. In turn this helps them to provide investors with decision-useful environmental information via the mainstream corporate report, enhancing the efficient allocation of capital. Regulators also benefit from compliance-ready materials.

Recognising that information about natural capital and financial capital is equally essential for an understanding of corporate performance, our work builds the trust and transparency needed to foster resilient capital markets. Collectively, we aim to contribute to more sustainable economic, social and environmental systems.

Benefits of our work

Our work on climate and natural capital reporting helps all actors working towards a sustainable financial system:

  • Investors will have better quality information about the climate and environmental opportunities and risks disclosed by a company, therefore making better informed capital allocation decisions;
  • Companies can use the CDSB Framework to incorporate climate change and natural capital-related information in mainstream financial reports. The CDSB Framework can help them understand how environmental issues affect their performance and the necessary actions they could take to address the related risks and opportunities;
  • Regulators can benefit from standards-ready material and a framework that can be immediately adopted or referenced as a method of compliance in regulation or guidance;
  • Stock exchanges can consider new voluntary and mandatory listing requirements, taking into account climate change and natural capital-related risks and opportunities;
  • Accounting firms can provide more comprehensive assurance of companies reporting on climate change and natural capital-related performance;
  • Analysts can be better equipped to utilise climate change and natural capital-related information in determining impacts on future cash flow and ultimately company valuations.