Why are we expanding?
CDSB’s expanded Framework is designed to help organizations prepare and present environmental information in mainstream reports for the benefit of investors. Information prepared in accordance with the CDSB Framework is designed to allow investors to assess the relationship between specific environmental matters and the organization’s strategy, performance and prospects. Through the provision of robust environmental information, CDSB hopes to encourage analysis and decision-making by investors that recognizes the dependence of economic and financial stability on a stable and healthy environment.
CDSB’s expanded Framework is designed to support organizations to elicit natural capital-related information of value to investors, enabling informed and robust decisions to be made based on clarity, confidence and trust in opportunities and risks disclosed by a company.
What have we done?
We have used CDSB’s Climate Change Reporting Framework v1.1, released in September 2010 as the starting point, keeping the reporting requirements essentially the same. A reorganisation has taken place of specific areas and detail added to reflect relevant developments in corporate reporting. The main changes are the scope of subject matter and the structure of the Framework.
The scope of the subject matter in Edition 1.1 focused on management's view of climate change-related risks and opportunities and greenhouse gas emissions. The exposure draft now also covers forest risk commodities and water. The structure has been deliberately organized to allow for the scope of subject matter to be expanded over time.
CDSB’s mission is not to add requirements to the reporting landscape, but to complement them for mainstream reporting as necessary and fill gaps where they exist. The content of the requirements and guidance has therefore been influenced by the work of CDSB Board Members and other organizations leading corporate reporting activity, including the OECD, IASB, IIRC, GRI, CEO Water Mandate, IFAC, the Australian Water Accounting Standards Board and others.
Similarly, the new structure has been partly influenced by the draft CEO Water Mandate corporate water disclosure guidelines, which focusses on the organization’s current state, the implications and how the organization is responding to them.
To find find out about the key aspects of the consultation draft of the CDSB Framework and how to respond, watch our briefing presentation on the consultation draft.
If you have any questions regarding the expansion, please contact CDSB Technical Manager Dr Jarlath Molloy.
This work has been made possible with the kind support of the Velux Foundations.