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.

CDSB Framework referenced in World Economic Forum annual meeting as instrument for addressing systemic climate risks in capital markets

The World Economic Forum’s 44th Annual Meeting will today discuss the risks to capital markets associated with carbon asset stranding and will signal CDSB’s Reporting Framework as an essential tool for helping markets to recognise and respond to those risks.

CDSB’s work adopts the traditions of financial accounting and the progress made by its Board members to work towards delivering the transparency needed for decisions to be made and capital to be deployed in support of a low carbon economy.

CDSB’s Chairman Richard Samans will give the opening remarks and Carbon Tracker’s Jeremy Leggett will contribute at a meeting chaired by Lord Adair Turner. Participants include Governors of the banks of leading economies, the world’s largest investors and senior UN personnel. 

CDSB works closely with Carbon Tracker to support market and regulatory policies and practices that limit risks associated with climate change and their economic consequences and have a joint detailed work plan to reveal carbon asset stranding risks in corporate reports. 

Information on CDSB being presented to the audience today can be downloaded from cdsb.net/WEFpaper.

Read the full press release here.

Image source: World Economic Forum / flickr