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.

Statement on fiduciary duty & climate change disclosure surpasses 100 signatories

Integrated energy & chemicals company Sasol was the 100th signatory to the Statement on fiduciary duty & climate change disclosure.

Sasol employs over 30,000 people operating in 37 countries and helped us reach our first major milestone. They also represent our first Oil & Gas signatory. Recent support has been overwhelming, and we are delighted to announce that we now count Volkswagen and Euromoney Institutional Investor PLC and many others amongst the signatories to the statement.

The statement, an expression of collective commitment to corporate climate change reporting by a leading group of companies and investors has more than doubled in signatories in less than a year.

Apart from recognising the importance of climate-related disclosure, the statement is also a call to action by organisations to other companies and investors to follow their example and encourage the use of the Climate Change Reporting Framework. More fundamentally, it is a recognition that, because climate change is beginning to affect economic activity in various ways, it has become a relevant matter for consideration by fiduciaries irrespective of how they view its moral or societal implications. 

ClearBridge Investments have joined the group of investors on the Statement on fiduciary duty & climate change disclosure, highlighting further the value of reporting climate change information as investors consider it to be pertinent.

Radley Yeldar, the corporate communications consultancy, have also announced their position as a supporter of the Statement and have also encouraged their clients to join:

With less than 100 days until COP 21, it is crucial to act now to show your support of climate resilient markets.

Find out more and add your organisation’s name here.