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 updating corporate reporting framework to include environmental information

CDSB launched consultation inviting comment on the second and final draft of its reporting framework.

The original CDSB Framework focussed on the risks and opportunities that climate change presents to companies’ strategy, financial performance and condition. In response to developments in environmental and corporate reporting, the CDSB Framework has been updated to provide guidance on reporting environmental information.

When the CDSB Framework is launched in March 2015, it will help companies prepare and present environmental information in mainstream corporate reports in order to provide robust and comparable information to a company’s current and potential shareholders. The CDSB Framework is also aligned and can support companies required to comply with the requirements of the EU Non-Financial Reporting Directive.

The CDSB Framework adopts relevant principles from existing reporting standards and practices with which business is already familiar, standardizing reporting of environmental information through collaboration and by identifying and coalescing around the most widely shared and tested reporting approaches that are emerging around the world.

The original CDSB Climate Change Reporting Framework was released in September 2010 and has been warmly received as non-financial reporting best practice by companies, investors and regulators across the world.

View the consultation draft from www.cdsb.net/consultation. The deadline for responses is the 14th December 2014.

This project is made possible with the generous support of the Velux Foundations.