Paul Druckman, Executive Board Chairman, the Prince’s Accounting for Sustainability Project 
“I have looked at Edition 1.0 {of the CDSB Climate Change Reporting Framework} and it certainly is a great piece of work, well done to you and the team. Hopefully the International Integrated Reporting Committee can utilize the thinking in its own framework and your involvement on that work is key to making sure nothing is reinvented.”
Benefits of CDSB's Work
CDSB's specific focus on climate change-related disclosure in mainstream financial reports is highly relevant today as the requirements of business reporting are changing. Climate change is increasingly recognised as a critical factor affecting corporate value. In some countries, there are already legal requirements for climate change-related disclosure in mainstream financial reports. This is giving rise to demand for guidance on how such disclosures should be made, given that climate change-related disclosure is a relatively new discipline which requires new skill sets.
Benefits of working towards harmonising climate change reporting regimes are:
- consolidation of existing good practice;
- clarity of climate change reporting requirements for preparers and users of information;
- transparency of disclosures;
- confidence and trust in information and claims to mitigation;
- decision-useful, standardized information with more long-term focus;
- support for global carbon markets;
- effective, stable markets;
- global policy influence through collaboration and partnership;
- support for activities that future-proof companies though investment.