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.

Corporate Reporting

IFRS Foundation completes consolidation of CDSB from CDP

The IFRS Foundation, CDP and the Climate Disclosure Standards Board (CDSB) are pleased to confirm that, further to the announcement of 3 November 2021, CDSB has today been consolidated into the IFRS Foundation.

We can’t afford fragmented financial reporting

Hundreds of billions of dollars each year are spent on our fragmented financial reporting system. With CDSB’s announcement that it will sunset early next year and converge to form the International Sustainability Standards Board (ISSB), it is worth reflecting upon the foundational work CDSB and the sustainability reporting community have been involved in across the years, and how a great deal of it remains relevant to the future work of the ISSB.

The good, the bad and the ugly. What went down?

Last Thursday, CDSB hosted a webinar to look back at some of the common practices of TCFD reporting that have emerged, now that we have had the reporting standard for four years. From "sustain-a-babbling" to TCFD light (diet version), the panellists had seen it all and did not hold back the lassos. Here are some of the good, bad and ugly moments of this London Climate Action Week webinar event.

Covid inequalities highlight the pressing need for social reporting

The lasting impact of the Covid-19 pandemic on our personal lives is evident. Beginning with the loss of loved ones and extending to how we work, shop, and socialise. But what will the impact be to our societies and economies in the long run? The truth is that the long-term ramifications are far from clear.

CDSB welcomes SEC move to focus on climate-related disclosure in public company filings

CDSB welcomes Acting Chair Allison Lee's announcement that she is directing the SEC to enhance its focus on climate-related disclosure in public company filings and revise its existing guidance on climate-related disclosure. CDSB stands ready to support the SEC and the US market in improving climate-related disclosures in their mainstream filings.

Introduction to TCFD (IBM Think Summit)

CDSB’s Managing Director, Mardi McBrien, introduced the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) at the IBM Think Summit Australia & New Zealand.

Open Letter to Erik Thedéen, Director General of Finansinspektionen, Sweden, Chair of the Sustainable Finance Task Force of the International Organization of Securities Commissions (IOSCO)

CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) have written an open letter to Erik Thedéen, Director General of Finansinspektionen, Sweden, and Chair of the Sustainable Finance Task Force of the International Organization of Securities Commissions (IOSCO).

CDSB’s Climate Guidance marks the launch of application series

Climate Disclosure Standards Board (CDSB) released the CDSB Framework application guidance for climate-related disclosure (Climate Guidance). The release is the first in a series of guides on nature-related financial disclosure, with Water Guidance to follow early next year.

2020: The disruption and the lasting change

Last week the world’s largest asset manager, BlackRock, announced that it voted against 53 companies worldwide due to lack of progress on climate concerns. CDSB’s Senior Technical Officer, David Astley, warns that the “freshness” of climate reporting phenomenon should not be mistaken for fleetingness.

Four steps to a stronger TCFD disclosure

Ricardo, a global strategic engineering and environmental consultancy that specialises in the transport, energy and scarce resources sectors, outlined four steps to strengthen climate-related disclosure in line with the TCFD Recommendations.