A few words of support for CDSB and our work

“Private sector initiatives have a vital role to play in addressing the challenges presented by climate change. Given the magnitude of funding needed to power low carbon growth and the acute demands on public finance, management of climate risk and development of climate solutions are dependent on private sector finance and initiatives. Strong policy signals are also needed to mobilize capital towards low carbon solutions.

CDSB’s work is designed to give markets and policy makers the information they need to deploy capital and make policy decisions to support the transition to the low carbon economy. Following the traditions of accounting and financial stability standard setters, the Climate Disclosure Standards Board is committed to delivering the transparency and accountability needed for decisions to be made and capital to be deployed in support of the low carbon economy.

Our aim to encourage adoption of the CDSB Climate Change Reporting Framework and participation in our work depends on our neutrality and transparency as standard setters. The CDSB Board has therefore resolved  to support the transparent and rigorous due process it requires for robust and fair global standard setting."

Richard Samans, Managing Director, World Economic Forum & Chair, Climate Disclosure Standards Board (CDSB)

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“CDSB provides an important focus for formalising and advancing further the significant progress CDP has made in developing climate change-related reporting. We are delighted to act as Secretariat to this important global project, advancing its work programme in association with leading representatives of the accounting, business, standard setting and regulatory professions”.

Paul Dickinson – Executive Director, Carbon Disclosure Project.

Professional Support

“Trusted, accurate information is the basis of successful reporting and decision-making and it is our, the accounting profession’s natural territory. We need to make sure that we play our part in making safe our planet and our future and if we can utilise our accountancy skills to that end then I believe we should.

Not another reporting framework? I can almost hear you groan. No, is the answer.

One of the important aspects of this initiative is that it self-consciously set out not do that. Instead it references other frameworks wherever possible. More importantly, the framework seeks to do two things. In the first place it mainstreams climate change reporting by including that information in annual reports. It is therefore also focused on investors rather than being a general report to an unspecified audience. In the second place it seeks to move beyond the ‘what’ of carbon foot-printing to the ‘how’ of linking that data to an assessment of risk and strategy and thereby to the impact on financial performance.” 

Michael Izza - Chief Executive of the Institute of Chartered Accountants in England and Wales.

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“The development of a pragmatic and robust framework for climate change related disclosures will benefit reporting organizations and stakeholders alike. We warmly support CDSB’s work and its mission.”

Mike Barber – Corporate Responsibility, Deloitte LLP.

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“KPMG is delighted to be supporting the integration of carbon disclosure into mainstream reporting. This is a crucial step, acknowledging the importance of carbon as a key consideration in business and investment decision-making activities.”

Vincent Neate, Head of Climate Change and Sustainability, KPMG LLP

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“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.”

Paul Druckman - Executive Board Chairman, the Prince’s Accounting for Sustainability Project.

Corporate Support

“The sooner the CDSB Reporting Framework can be agreed, the better as this reduces the extent to which different practices become established in different jurisdictions”.

Swire

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 “We have reported our carbon emissions since 1992 and this year have followed the Climate Disclosure Standards Board (CDSB) framework which builds on the World Resource Institute / World Business Council for Sustainable Development Greenhouse Gas Protocol (GHGP)”.   

BT’s CO₂e Group statement, 1st April 2009 to 31st March 2010.

 Investor Support

“Effective climate regulation from an investor’s perspective would be provision of short and long term performance targets, market based practices that set up robust carbon prices and stimuli to the renewable energy industry. Comprehensive information disclosure on a standardised disclosure platform is number two and targeted governmental intervention for market development is probably number three”. 

Extracted from Financial Institutions: Taking Greenhouse Gases into Account, a report produced by the Climate Disclosure Standards Board for the UK Department for Environment, Food and Rural Affairs, 2011, by Matthew Haigh.