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 in the news


Alphabet Soup Fatigue? Single ESG Framework Is Coming, Agenda, September 2020

ESG harmonisation push gives cheer for derivatives, GlobalCapital, September 2020

Sustainability Leaders to Work on Common Corporate Reporting Standard, Chief Investment Officer, September 2020

Sustainability standard-setters pledge to work together on common goals, Accounting Today, September 2020

Standard Setting Orgs Team Up With Shared Vision for Sustainability Reporting, ESG Today, September 2020

Groups join forces on sustainability reporting, Pensions and Investments, September 2020

ANALYSIS: ESG Frameworks Trend Toward Collaboration, Bloomberg Law, September 2020

Consistency sought in sustainability, corporate reporting through global effort, Journal of Accountancy, September 2020

Standard-setters Kick Off Initiative to Harmonise Sustainability Reporting, Regulation Asia, September 2020 

Plan to create unified sustainability reporting standards, Accountancy Daily, September 2020 

Global regulatory body to harmonise ‘plethora’ of ESG standards, Financial Times, September 2020 

GAO finds lack of consistency in ESG disclosure—how will the SEC respond? Lexology, August 2020 

How can businesses boost climate disclosure and green investment in line with changing demands? edie, August 2020

Loose talk… can lead to litigation, Lexology, August 2020

Big banks throw weight behind plan for nature-related financial disclosure, ENDS Report, July 2020

CDSB Issues New Guidance to Mainstream Climate Reporting, Regulation Asia, July 2020

Sustainability Reporting in China: The Rise of CSR and ESG Reporting by Businesses, China Briefing, July 2020

Daily ESG Briefing: CDSB to launch company guidance on climate reporting, Responsible Investor, July 2020

"El gobierno está comprometido con las finanzas verdes a través del trabajo público-privado," El Economista, July 2020

Just 1 in 10 UK businesses assessing climate risk as a priority, survey reveals, edie, July 2020 

情報開示は読み手を明確に, NIKKEI ESG Management Forum, June 2020

MAS Consults on Environmental Risk Management Guidelines for FIs, Regulation Asia, June 2020

Fonds-Lobby EFAMA gründet Plattform für ESG-Dialog mit EU-Behörden, Institutional Money, June 2020 

EFAMA creates European Union Sustainable Finance Group, focused on ESG, Hubbis, June 2020

Schroders, Candriam, BNP Join Forces on NFRD Recommendations, ESG Today, June 2020

EU Financial Groups Form New Body To Push Green Finance, Law360, June 2020

Stakeholders push for better company reporting of ESG information, Institutional Asset Manager, June 2020 

EFAMA forms EU-wide sustainable finance group for ESG collaboration, International Investment, June 2020

New ‘informal’ sustainable finance group formed, comments on NFRD, IPE, June 2020

Investors urge EU to beef up firms’ environmental, social reporting rules, Euractive, June 2020

Daily ESG Briefing: Informal EU group on sustainable finance formed, Responsible Investor, June 2020 

Investors urge EU to beef up firms' environmental, social reporting rules, Reuters, June 2020

Group presents NFRD recommendations amid COVID-19, Asset Servicing Times, June 2020

SASB backs European plan to boost ESG reporting, Corporate Secretary, June 2020

Integrated Corporate Governance: Six Leadership Priorities For Boards Beyond The Crisis, Forbes, June 2020

Embracing TCFD – Turning Crisis into Opportunity, GRESB, June 2020

A summary of recent developments at IMF, CDSB, GRI, the ESAs, SSE, BCBS, IIRC, BMJV, ISAR, and JPX Deloitte, June 2020

Aktuelle Entwicklungen in der Nachhaltigkeits- und integrierten Berichterstattung, Der Betrieb, June 2020 

Море новостей из мира отчетности устойчивого развития, GAAP, June 2020

Dodging disaster with climate disclosure Stuff, June 2020

ECB European Central Bank : Eurosystem reply to the European Commission's public consultations on the Renewed Sustainable Finance Strategy and the revision of the Non-Financial Reporting Directive MarketScreener, June 2020

Quelli che… studiano la sostenibilità/ 57 ETica News, June 2020

Time for mandatory climate disclosures is now – Carney Central Banking, June 2020

Guest Viewpoint: Hilde Blomme & Jona Basha IPE Magazine, June 2020

Time for mandatory TCFD reporting, says Mark Carney Expert Investor, May 2020

Large European companies fall short on ESG disclosure – report Pensions & Investments, May 2020

CDSB: Why environmental and climate-related disclosures under the EU’s Non-financial Reporting Directive must improve ECIIA, May 2020 

Business giants failing to disclose climate-related risks edie, May 2020

Majority of Europe's largest companies still 'failing' in climate reporting Environmental Finance, May 2020

78% of Europe’s largest companies falling short of adequately reporting environmental and climate-related risks despite EU guidelines Eco-Business, May 2020 

Daily ESG Briefing: European firms still falling short on climate disclosure, finds study Responsible Investor, May 2020

Most European firms fall short on climate reporting Environmental Analyst, May 2020

Governance & Compliance Update - Issue 163 Lexology, May 2020

What Canada Is Getting Right With Its Covid-19 Economic Response Plan Forbes, May 2020

ESG Rising Trend Part Of Investment's "New Normal" Wealth Briefing Asia, May 2020

CDP and CDSB team up to provide the building blocks for successful TCFD disclosure, Report Adviser, May 2020

CDP and CDSB team up to provide the building blocks for successful TCFD disclosure, Sustainability-reports, May 2020

Deep dive: are the top 20  managers and investors ready for climate change? Infrastructure Investor, May 2020  

Corporate sustainability and ESG: counting on accountants, In the black, April 2020

EU officials put transparency at heart of ambitious Green Deal, Portfolio Adviser, March 2020 

What is the outlook for the EU’s climate benchmarks? Expert Investor, February 2020

FRC to review climate auditing and reporting, Environmental Analyst, February 2020

CDSB releases handbook on environmental management reporting, Accountancy Daily, February 2020

CDP, CDSB urge companies to 'get ahead of the curve' of EU climate reporting, Environmental Finance, February 2020

CDSB and CDP release handbook to meet challenges of environmental and climate reporting across the EU, Sustainability Reports, February 2020

CDP and CDSB have released the "Environmental Reporting Handbook", Corporate Governance Forum of Turkey, February 2020  

CDSB выпустил новое руководство по нефинансовой эко-отчетности, GAAP, February 2020 

How to report on climate risk: The Governance Institute has released a practical guide, Lexology, February 2020

Foro Económico Mundial 2020: la Creación de Valor Sostenible pasa de la ambición a la acción, Gestion, February 2020

Urgent revamp of EU reporting directive needed, Expert Investor Europe, February 2020

Le parole economiche del cambiamento climatico (climate change), Yahoo Finanza, Februray 2020

Climate change: 4 nuovi acronimi della finanza sostenibile da conoscere, Ore, February 2020

Comment: How to make the EU Non-Financial Reporting Directive work, Responsible Investor, February 2020

Mining executives can use inspiring climate narratives to engage stakeholders, Biz Community, February 2020 

TCFD settles in as the big new adaptation game in town, Medium, February 2020

Responsible finance: A call to action for nature’s ‘super year’, Euromoney, January 2020

Aviva Investors: Better corporate disclosure needed to help sustainable finance go mainstream, edie, January 2020 

Are climate investors suckers? CNBC, January 2020

O capitalismo no divã, Exame, January 2020

Sustainability in the spotlight, New York Law Journal, January 2020

Towards a Common Language for Sustainable Investing, Harvard Law School on Corporate Governance, January 2020


More than 100 companies using SASB standards, IR Magazine, December 2019 

Should IROs be seeking higher pay? IR Magazine, November 2019  

Will 2020 be the year of mandatory climate disclosure?, Edie, December 2019

From zero to hero: How Japan Inc came from behind to lead on climate risk reporting, Ethical Corporation, December 2019

#Cop25: Corporations feel investor heat over slow response to climate risk, Ethical Corporation, December 2019

You Asked: How Can We Track Corporate Sustainability Measures? Earth Institute, November 2019    

Six ways to fix sustainable finance – 2: Mandate TCFD, Euromoney, December 2019

UNCTAD To Companies: Showcase How You Are Making The World A Better Place On SDGs, The News Chronicle, November 2019

WorldPensionSummit speakers map out ways to bolster sustainable investing, Pensions & Investments, November 2019

Climate-related reporting frameworks highly aligned, Financial Management, November 2019

Global climate regulation looms on the horizon. Are banks and insurers ready?, Green Biz, October 2019

Japan Hosts First-ever TCFD Summit, Regulation Asia, October 2019

Accountants meet to address climate change threat, Accounting Today, September 2019

FSB Climate Disclosure Framework Poised For 2020 Traction, Law360, September 2019 

Climate disclosure courses are now available online, Pensions&Investments, September 2019

Experts Offer Guidance on Reporting Frameworks to Ease Reporting Pain, Triple Pundit, September 2019

A summary of recent developments at SASB/CDSB, CDSB, ACCA/CAANZ/ICAS, IIRC, and GRI, Deloitte News, September 2019

The 6 trends shaping Southeast Asia’s clean energy sector, Eco Business, September 2019

10 Years of Impact and Progress, Sustainable Stock Exchanges, September 2019

How to simplify corporate reporting, World Economic Forum, September 2019


Accounting for sustainability, Accountancy Age, September 2019  

Sustainability reporting bodies react as accounting chief Hoogervorst stirs the ESG ‘alphabet soup’, Responsible Investor, August 2019

Debate: Can the effect of climate change be reversed?, economia, July 2019 

La variable climática en los informes no financieros, EFE: Verde, July 2019

Jetzt bedroht der Klimawandel sogar ganze Konzerne, Welt, July 2019

Corporate Reporting Dialogue publishes paper on transparency and accountability, Accountancy Daily, July 2019

Financial/non-financial reporting frameworks share common principles, The Accountant, June 2019

How CDSB approaches aligning climate disclosure, Corporate Secretary, June 2019

Japan holt langsam auf, Klima Reporter, May 2019

Groups eye financial system overhaul with ESG focus, Corporate Secretary, May 2019

Så ska implementering av TCFD:s riktlinjer underlättas, Di, May 2019

TCFD Implementation Guide now available, XBRL, May 2019

New guide for implementing climate risk, Top 1000 Funds, May 2019

Leading ESG standard-setters release How-To Guide for implementing TCFD’s climate risk disclosure recommendations, LexBlog, May 2019

Veröffentlichung des TCFD-Implementierungsleitfadens, Betriebs Berater, May 2019

SASB, CDSB partner on how-to guide for climate-related disclosures, Sustainable Brands, May 2019

SASB and CDSB team up to deliver "how-to" guide, Environmental Finance, May 2019

International bodies seek to address corporate climate data demands, Investment & Pensions Europe, May 2019

SASB and CDSB launch ‘practical guidance’ on TCFD reporting, Responsible Investor, May 2019 

Standard setters release TCFD Implementation Guide, Yahoo Finance, May 2019

Standards boards to release climate-related financial disclosure recommendations, Pensions and Investments, April 2019

From principles to practice: providing the “how-to” guide to TCFD implementation, Ethical Corporation, April 2019

Sostenibilidad y estados financieros, La Tarcera, March 2019 

CSR Cheat Sheet: Half of companies ‘failing to report action on climate’, Ethical Corporation, March 2019

Corporate Reporting Dialogue calls for market feedback on aligning disclosure frameworks, Responsible Investor, March 2019

Global bodies seek better corporate reporting standards for SDGs, Business Green, March 2019

Corporate reporting dialogue support better reporting on SDGs, The Accountant, March 2019

'If we are going to flip the script, we have to share ESG information more widely', Ethical Corporation, March 2019

Taking action on climate change, Risk Management Magazine, March 2019

European lab project task force on climate-related reporting appointed, EFRAG, February 2019

Big question: should the Task Force on Climate-related Financial Disclosures' recommendations become mandatory, IEMA, February 2019

Trends in financial regulation of climate risk challenge the EU’s leadership of sustainable finance, Responsible Investor, February 2019 

Big data - great power or great waste?, Global Network for Advanced Management

Q&A: The TEG's report on climate-related reporting, Environmental Finance, January 2019

Responsible finance: A call to action for nature’s ‘super year’, Euromoney, January 2020


We need to plug nature into global finance, Financial Director, December 2018

Are companies implementing the EU Non-financial Reporting Directive?, EthicalMarkets.com, December 2018  

Climate Change: Against the odds, Continuity, Insurance & Risk, December 2018

New FRC guide aims to improve governance in private companies, London South East, December 2018 

Why FDs should promote climate-related disclosures, Financial Director, December 2018

Les entreprises sont sensibles au climat mais peinent encore à en tirer des conséquences sur leur business model, Novethic, December 2018

Under Half Of Europe’s Biggest Companies Track Climate Change In Annual Reports, Clean Technica, December 2018

Europe's Biggest Companies Display An Absence Of Strategy On Climate Risk - Report, Dina Medland, November 2018

Less than half of Europe’s biggest companies track impact of climate change in annual reports, Suatainability reports, November 2018

Lutte contre le changement climatique : quelle responsabilité des entreprises?, Mediapart: Blog d'information Participatif, November 2018

Trots risker: Börsbolag saknar strategi för klimatkonsekvens, Extrakt, November 2018

More than half Europe’s biggest companies fail to explain possible climate change impact on business model, Investment Europe, November 2018 

CDSB: European corporates failing to track climate change impacts, Edie.net, November 2018

Slechts 20 procent van grote europese bedrijven beschrijft klimaatbeleid in zijn jaarverslag, Susanova, November 2018

Studie: Börsbolagen för dåliga på klimatrapportering, Göteborgs-Posten, November 2018

Maior parte das grandes empresas europeias ignora alterações climáticas nos seus relatórios, Publico, November 2018

CDP: Firms failing to strengthen climate risk reporting despite EU guidelines, Business Green, November 2018

Studie rügt Firmen für Umweltinfos, Boersen-Zeitung, November 2018

Maior parte das empresas europeias ignora alterações climáticas, Noticias ao minuto, November 2018

European companies lagging on climate change reporting, Accountancy Daily, November 2018

Why Sustainable Investing Makes Good Business Sense, Clean Technica, November 2018

Le reporting climat des entreprises est encore insuffisant, L'AGEFI Quotidien, November 2018

Disclosing the financial impacts of climate change, Digital Journal, November 2018

Standard Setters Unite to Streamline Corporate Reporting, TriplePundit, November 2018

Brands Taking Stands. Sustainable Investing Moves the Mainstream Market with Big Numbers, Markets. Financial content, November 2018

Standards setters start work on corporate reporting alignment, Accountancy Daily, November 2018

Corporate reporting bodies aim for alignment on sustainability standards, IPE, November 2018

Disclosing the financial impacts of climate change, Thomson Reuters, November 2018

CRD Launch Project to Standardise ESG, XBRL International, November 2018

Leading Sustainability Reporting Bodies Launch Two-Year Project for Better Alignment, Financial Content, November 2018

Corporate Reporting Dialogue Launches 2-Year Project to Drive Better Alignment, Sustainable Brands, November 2018

Standard setters starten harmonisatieproject, Accountant, November 2018

Corporate reporting bodies commit to aligned sustainability, CTMfile, November 2018

Corporate reporting group launches two-year transparency project on green finance, Euractiv, November 2018

Reporting Bodies Announce Two Year Alignment Project, The Accountant, November 2018

World Congress of Accountants 2018: day 2 highlights Key insights from this iconic global event at the ICC in Sydney, Acuity, November 2018

Voices New alignment can ‘cut the clutter’ in sustainability reporting, Accounting Today, November 2018

Global reporting groups plan to align standards in 2 years, Accounting Today, November 2018

Climate disclosure: Global reporting bodies to align around TCFD guidelines, BusinessGreen, November 2018

Study: Just five per cent of top corporate pension funds have climate policy in place, BusinessGreen, November 2018

International corporate reporting bodies launch project for better alignment, Voxy, November 2018

New alignment project seeks to ‘cut the clutter’ in sustainability reporting, Ethical Corporation, November 2018

What can stock exchanges do for the SDGs?, Devex, October 2018

ESG reporting standard setters urged to agree ‘unified agenda’, Investment & Pensions Europe, October 2018

Haïti - Économie : Fonkoze remporte le Prix international «Investing in Finance», Haiti Libre, October 2018

Haiti - Economy : Fonkoze wins the International Award Investing in Finance, Haiti Libre, October 2018

Aligning the SDGs with Integrated Reporting, TriplePundit, September 2018

ESG REPORTING: Staying on the shopping list, Funds Europe, September 2018

Australia: Climate change litigation: is your business prepared?, Mondaq, August 2018

The Corporate Reporting Dialogue is looking for alignment, not one common framework", Sustainable Brands, August 2018

Reports analyse landscape for sustainability disclosures by corporate Australia, The Sustainability Report, July 2018

BusinessGreen Leaders Awards, BusinessGreen, June 2018

Large private companies face extension of corporate governance code, Accountancy Daily, June 2018

Nine takeaways from the first day of Responsible Business Summit Europe, EnvironmentGuru, June 2018

Report on Business Sustainability Reporting Highlights Need to Accelerate Pace, SDG Knowledge Hub, June 2018

Increased ESG disclosure requirements drive non-financial reporting best practices, LuxFlag, May 2018

Il report che aiuta le aziende a identificare i trend di Reporting della sostenibilità, Impronta Etica, May 2018

New platform aims to help firms with climate reporting, Pensions & Investments, May 2018

CDSB, TCFD launch knowledge hub for organisational implementation, The Sustainability Report, May 2018

New source of guidance as pace mounts on TCFD, GlobalCapital, May 2018

"Knowledge Hub" offers help with TCFD recommendations, Environmental Finance, May 2018

Climate change mitigation should be viewed as business opportunity, says London Stock Exchange, Edie.net, April 2018

The Reporting Exchange now available in simplified Chinese, The Accountant, March 2018

TCFDs: Seven tips for navigating the climate disclosure maze, BusinessGreen, March 2018 

Few companies link perks to climate change targets, Financial Times, March 2018

Research shows ‘clear gap’ between corporate words and actions on climate, Responsible Investor, March 2018

CDP and CDSB: Companies See Climate Risks But Aren’t Tackling Them, Environmental Leader, March 2018

Only a tenth of firms incentivise climate mitigation at board level, Energy Live News, March 2018

Climate-related financial impacts by companies low, globally, Business Standard, March 2018

Few U.S. companies have board-level oversight of climate issues, ThinkProgress, March 2018

POLITICO Pro Morning Energy and Climate, presented by EuropaBio: Norway and EU energy rules — Brexit’s climate solution — Corporate climate gap, Politico Europe, March 2018

Reporting, un “caos” di modelli nel mondo, EticaNews (article in Italian)

The Reporting Exchange now available in simplified Chinese, The Accountant, March 2018

We can’t create sustainable financial markets without the help of European Supervisory Authorities, Responsible Investor, February 2018

KPMG event tells companies to consider "What Ifs"of climate risks, The Sustainability Report, February 2018

Is China Stepping up? Celebrate Chinese New Year by diving into the country's sustainability reporting trendsInternational Business Times, February 2018

Corporate reporting: enabling a long-term orientation on investment analysis, CFA Institute - Market Integrity Insights, February 2018

How coming clean on environmental impact helps companies grow, World Economic Forum, January 2018

Why voluntary climate risk disclosure is going mainstream, GreenBiz, January 2018

Voluntary corporate governance rules to monitor private companies, CCH Daily, January 2018

Collaboration Among Reporting Frameworks: The Future of Sustainability Reporting, Poteau Daily News, January 2018


Hannon Armstrong is First U.S. Company to Commit to Climate Disclosures Standards Board (CDSB) Initiative to Implement Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and Supports Climate Action 100+ Launch, PR Newswire, December 2017

Hannon Armstrong Sustainable Infrastructure Capital, a leading investor in sustainable infrastructure,  announced it has joined the Climate Disclosures Standards Board (CDSB) Initiative to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Views from the industry for 2018, The Fifth Estate, December 2017

Webinars introduce database of sustainability reporting requirements, The Accountant, November 2017

During the month of November, the Climate Disclosure Standards Board (CDSB) and the World Business Council for Sustainable Development (WBCSD) held two webinars to engage stakeholders at all levels with the collaborative elements of the Reporting Exchange, a global sustainability knowledge platform launched in September. The Reporting Exchange is designed to help businesses understand the complex and often fragmented landscape of reporting requirements on ESG issues and is meant to be a first step towards the integration and harmonisation of non-financial reporting at a national, regional and international level.

Carbon reporting framework—examining the government consultation, LexisNexis, November 2017 

Environment analysis: Michael Zimonyi, from the Climate Disclosure Standards Board (CDSB), argues that a streamlined approach to reporting on carbon output is a positive step in the right direction, with a few obvious improvements that could further enhance its impact. 

Climate and environmental threats: are your investors happy?, Natwest ContentLive, November 2017

Also working to put climate reporting high on company agendas is the Climate Disclosure Standards Board (CDSB), an international consortium of business and environmental NGOs that offers a framework for reporting environmental information with the same rigour as its financial counterpart. “We don’t believe in reinventing the wheel or creating additional work for companies that will not be effective in delivering high-quality environmental information to the market,” says policy and external affairs manager Michael Zimonyi. “For instance, companies that use the CDSB framework can refer to their existing climate-change disclosures to avoid duplicating their efforts. At the same time, our principles of disclosure represent the highest common denominator of voluntary and mandatory reporting requirements, so using our framework helps companies stay aligned with other disclosure initiatives.”

Making sense of ESG: HLEG’s Arlene McCarthy on the role of regulators, Responsible Investor, 25 September 2017

There is more transparency and visibility around ESG factors than ever before, with over 400 frameworks to choose from. The Task Force for Climate-related Financial Disclosure has led the way in arguing for a more coherent and consistent approach to climate reporting, citing the numerous reporting options, namely: “GHG Protocol, Global Reporting Initiative, ISO Standards, Sustainability Accounting Standards Board, Climate Disclosure Standards Board, World Resources Institute, World Business Council for Sustainable Development, CDP, and various industry-specific guidance.”

Global leading companies commit to disclose climate risks within three years, Huffington Post, 22 September 2017
A group of ten companies across seven sectors have become the first to make the commitment to implement the recommendations of the Task Force on Climate-related Financial Disclosures within three years.

Sustainability Groups “Converge on Climate Risk” with G20 Task Force Recommendations, Chief Investment Officer, 20 September 2017
A paper from the Sustainability Accounting Standards Board (SASB) and the Climate Disclosure Standards Board (CDSB) reveals how the two organizations are aligning with the recommendations of the G20 Task Force on Climate-related Financial Disclosure (TCFD).

Aviva and LGIM join Government push in green finance, Fund Strategy, 18 September 2017
Ten major companies are to step up reporting of detailed information on the risks climate change posed to their business models within the next three years, under new pledges made today that could herald a sea change in business attitudes to climate-related disclosure.

Global leading companies commit to disclose climate risks within three years, Sustainability Reports, 25 September 2017
Last week, a group of ten companies across seven sectors become the first companies to make the commitment to implement the recommendations of the Task Force on Climate-related Financial Disclosures within three years. 

Case Study: How WGL Aligns with Sustainable Development Goals, Triple Pundit, 12 September 2017
Earlier this year, the Climate Disclosure Standards Board, a consortium of businesses and other green organizations announced a new initiative to prompt companies to get behind the G20 Task Force on Climate-related Financial Disclosures. According to the CDSB, the platform will showcase those “forward-thinking businesses” that are willing to show transparency in how they address climate risk and align their operations with their investors’ expectations.

Hurricanes Harvey and Irma Show That It’s Time for Companies to Disclose Climate Risks to Investors, State of the Planet, Columbia University, 07 September 2017 Schroders reports that the impacts of climate change are not adequately “priced in” to companies’ valuations, which they warn creates enormous financial risks, characterizing this failure as “accelerating towards a cliff edge.” The Climate Disclosure Standards Board reports that many companies that do not disclose climate risks say it is because they do not think they are material to their businesses.

Initiatives focused on ESG reporting are making progress, but there is more to do, City A.M., 29 August
It is frequently acknowledged that investors should identify and analyse any environmental, social, and governance (ESG) factors that could impact the value creation and risk profile of companies and integrate these factors into their investment process.

The space between climate change and financial statements, ESG Magazine, 25 July 2017 So far, there are no specific standards or methodologies to integrate CO2 disclosures into accounting practices.  

The holy grail for investors: countries allying on CO2 reporting, ESG Magazine, 25 July 2017 Carbon reporting differs between nations: is the TCFD a golden chance for rule harmonisation?

New platform urges companies to disclose climate risks, ENDSEurope, 19 July 2017 A voluntary platform launched on Monday aims to support companies that commit to reporting the financial risks that climate change creates for their business

Climate Disclosure Standards Board Initiative Showcases Companies Committed To Climate-Risk Disclosure, CleanTechnica, 18 July 2017 The Climate Disclosure Standards Board has this week launched a new initiative which aims to showcase those companies committed to implementing the voluntary climate-risk disclosure recommendations of the G20 Task Force on Climate-related Financial Disclosures.

How to turn climate risk reporting recommendations into reality, BusinessGreen, 17 July 2017 Simon Messenger of the Climate Disclosure Standards Board reveals how a major new initiative aims to ensure the guidelines put forward by the TCFD are embraced

Climate Disclosure Standards Board launches FSB climate risk guidelines push, BusinessGreen 17 July 2017 The Climate Disclosure Standards Board (CDSB) coalition of businesses and green NGOs has launched a new platform aimed at pushing more companies to implement the recommendations of the Financial Stability Board's (FSB) climate risk reporting guidelines.

Task force recommends climate change financial disclosures, Accounting Today, 29 June 2017 A group of more than 100 business leaders and companies are backing the recommendations of a task force on providing a voluntary framework for disclosing climate-related information in financial filings.

TCFD: Businesses worth $2trn back final climate disclosure recommendations, Environmental Data Interactive Exchange, 29 June 2017 More than 100 businesses including Unilever, Barclays and HSBC, have publicly committed to support the final recommendations listed by the Task Force on Climate-related Financial Disclosures (TCFD), which seeks to disclose climate information as part of mainstream financial statements.

SASB Chair Jean Rogers joins CDSB's Board, The Accountant, 21 June 2017 The Sustainability Accounting Standards Board (SASB) chair Jean Rogers has joined the board of the CDSB highlighting the two organisations closeness.to help organization disclose material and decision-useful information to investors and to make corporate climate and environmental reporting mainstream.

Australia is waking up to the financial risks of climate change, Responsible Investor, 15 May 2017 As Australia’s Senate, Prudential Regulator and Department of Environment and Energy have all looked at climate risk disclosure in the past months, Mardi McBrien shares her views on why climate risk is high on the country’s agenda and what can be done to take it to common market practice.

Experts discuss impact of Task Force Climate-related Financial Disclosures guidelines, The Sustainability Report Australia, 06 April 2017 In the wake of public statements by the Australian Prudential Regulation Agency (APRA) regarding stress testing of climate risks by regulated entities, and give the consultation process to develop the draft recommendations by the Taskforce on Climate-related Financial Disclosures (TCFD), companies and stakeholders such as investors should consider the information that should be disclosed to give a view of climate risks and opportunities.

Defining "material" climate risks MIT Sloan Management Review, 16 March 2017
Prof. Robert Eccles and CDSB's Lois Guthrie summarise the Task Force on Climate-related Finanical Disclosures' approach to materiality, highlight the need for clarity on the issue, and make some suggestions regarding scenario analysis.

Comment: A rapidly changing and uncertain world, the FSB Task Force on Climate-related Financial Disclosures and the challenges for the accounting profession The Accountant, 16 March 2017
Those aware of the CRD will recognise common sources of cross-referencing including metrics and measures from frameworks and standards promulgated by the Global Reporting Initiative, the Sustainability Accounting Standards Board and the Climate Disclosure Standards Board. 

Reporting on climate risks on the bottom line Compliance Week, 14 March 2017
Lois Guthrie, founding director of the Climate Disclosure Standards Board (CDSB), provides some handy hints for compliance officers to ensure that their organisations embrace and follow best practice when preparing to make climate-related financial disclosures.

ESG, the markets’ winning formula (Italian) Il Sole 24 Ore, 07 March 2017

Climate Disclosure, Harmonization, And Challenges In The Reporting World, Forbes, 13 February
Professor Bob Eccles sat down with Lois Guthrie, the founding director of the Climate Disclosure Standards Board (CDSB), to discuss how the organization is positioned in the reporting space, and how the Task Force on Climate-related Financial Disclosures is changing climate disclosure.

Navigating the new world of non-financial disclosure, the ENDS report, 08 February
A directive obliging UK companies to include environmental and other information in annual reports will make sustainability a bigger priority for business leaders and investors alike.

How the accountancy profession is shaping global development goals, Economia ICAEW, 08 February
Michael Zimonyi, CDSB’s policy manager, says his group “hopes that XBRL will become the standard” for measuring progress on the SDG goals. “It is very important to have non-financial data aligned with financial information so there is less of a burden on the organisations reporting the information and on the users of that data,” he said. “The discussions are still going on about how to deal with these masses of information, but from our perspective XBRL is the only realistic option.”

Climate Change reporting: Task Force on Climate-related Financial Disclosures, Lexology, 09 February
The Task Force considered existing voluntary and mandatory climate-related reporting frameworks in developing its recommendations and the Report comments on the alignment of existing frameworks, including those developed by the CDP (the former Carbon Disclosure Project), the Climate Disclosure Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council, and the Sustainability Accounting Standards Board.

Inclusive finance and corporate governance to be focuses for Davos, Responsible Investor, 16 January
A corporate governance framework focused on long-term value creation will be one of four focus areas at the World Economic Forum (WEF) Annual Meeting in Davos next week, its managing director and board member Richard Samans said yesterday.

Making climate disclosure the new norm in business, World Economic Forum Agenda, 13 January
CDSB Founding Director Lois Guthrie writes about the importance of the Task Force recommendations in making climate disclosure and climate risk the new normal for the global markets

IFAC endorses integrated as the way forward for corporate reporting, International Accounting Bulletin, 11 January
“CDSB and the IIRC acknowledge the complementarity of their respective roles, on the basis that reporting corporate dependencies and impacts on natural capital is integral to Integrated Reporting, and a key pillar on which is based.”

Non-Financial Reporting: How to Comply? What does it mean for the climate?, Responsible Investor, 5 January
The Commission has suggested in various conversations that it will not tell companies which reporting framework to use. That leaves a number of international reporting frameworks that companies may opt to use to comply, such as the CDSB Framework for reporting environmental information.


Recommendation for climate information to be added to reporting applauded, IR Magazine, 19 December
CDP, which began securing climate disclosure data from companies in 2002, and the Climate Disclosure Standards Board (CDSB), the NGO advancing non-financial reporting in mainstream filings, have welcomed the Financial Stability Board’s Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations to integrate climate information into mainstream financial reporting.

Nations will move forward on climate goals irrespective of US: global business group, CNBC, 16 December
The world will push ahead with plans to tackle climate change with or without the United States, the chairman of the Climate Disclosure Standards Board told CNBC on Friday. 

Firms are encouraged to disclose climate information: Expert, Sqawk Box Europe, CNBC, 16 December CDSB Chairman, Rick Samans talks about how the climate change effect is having an increasingly important impact on businesses.

Countries should reduce greenhouse emissions: CDSB Chairman, Sqawk Box Europe, CNBC, 16 December
CDSB Chairman, Rick Samans takes a look at what a Donald Trump administration will mean for the world and its fight against climate change.

TCFD recommendations for climate related disclosures released, International Accounting Bulletin, 16 December
Richard Samans, chairman of the Climate Disclosure Standards Board (CDSB) said the task force recommendations were setting a new corporate governance norm where company management will be compelled to rigorously account for its strategy against climate change-related risks,

Climate change is a systemic business risk, says global taskforce, The Environmentalist, 15 December
Richard Samans, chair of the Climate Disclosure Standards Board (CDSB), said that the recommendation that a well-governed company must regularly test its business strategy against climate change-related risks and report on its strategy in its mainstream report set a new governance norm.

CDSB had produced a factsheet summarising the recommendations here.

Task Force recommendations a major step forward according to CDP and CDSB, Blue and Green Tomorrow, 14 December
The Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD) recommendations to integrate climate information into mainstream financial reporting have been welcomed by CDP and CDSB

Mark Carney and Michael Bloomberg launch G20 climate risk report, Fund Strategy, 14 December
Chairman of the Climate Disclosure Standards Board Richard Samans says the task force is setting a new corporate governance norm. "That is ultimately what has been needed to price climate risk in corporate capital expenditures and investor asset allocations," Samans says.

Addressing climate risk is best for a company's bottom line, Inside Waste Australia, 14 December
In her forewords to the report, Climate Disclosure Standards Board (CDSB) managing direction Mardi McBrien said that increasingly, discussions are taking place on climate risk disclosure as part of the key actions needed to shift investments towards low-carbon assets.

Greening Trump’s infrastructure plan, Justmeans, 18 November
The herd behavior of all markets can now be steered by such new standards to assure that the proceeds of these green bonds are applied only to truly green, scientifically verified, investments.

Separate reporting of non-financial information rejected, The Environmentalist, 10 November
Annual reports should contain information on a firm’s environment and social impacts and risks, the government has concluded.

EU urged to plug clean energy investment gap or miss climate targets, BusinessGreen, 28 October

Consortium of asset managers and green groups urge EU Commission to deliver host of measures to plug 100bn euros gap in clean energy investment

What is climate-related financial information? Aren’t there already rules that could apply?, The Accountant, 3 October - In the second of an article series, CDSB founding director Lois Guthrie, considers some of the questions that might be on the minds of Task Force on Climate-Related Financial Disclosures (TCFD) members.

Mardi McBrien | Why we need to integrate climate change-related information into mainstream financial reporting, The Sustainability Agenda, September

Companies and Investors Make Their 1,000th Commitment to Climate Change Action, Triple Pundit, 23 August - Companies and investors have made 1,000 commitments to take action on climate change as part of the Take Action campaign by We Mean Business. There are 614 companies and investors participating in the campaign. There are a number of climate change initiatives that We Mean Business encourages companies to take action on, ranging from adopting science-based emissions targets to sourcing only renewable energy.

Should Corporate ESG Disclosures Be Mandatory?, Environmental Leader, 10 August - Corporate environmental, social and governance (ESG) disclosure is mostly voluntary - and rarely enforced in the cases even where it is mandatory - in the US. This may soon change as the SEC considers mandating corporate disclosures of ESG issues.

What is climate risk?, The Accountant, 27 July – In the first of a 4 part series, CDSB founding director Lois Guthrie, considers some of the questions that might be on the minds of TCFD members. 

WBCSD, CDSB, Ecodesk create Reporting Exchange, The Sustainability Report, 22 July - The World Business Council for Sustainable Development (WBCSD), the Climate Disclosure Standards Board (CDSB) and Ecodesk have created a free global sustainability reporting knowledge platform. The Reporting Exchange will “identify the reporting regulations, rules, policies, practices, initiatives, standards, codes and guidance which make up the reporting landscape,” and will provide needed clarification to business, according to the WBCSD. 

Human rights reporting by another name? New requirement for Singapore listed companies to produce a sustainability report, Lexology, 14 July – The Singapore Exchange (SGX) has introduced mandatory sustainability reporting with effect for financial years ending on or after 31 December 2017. This follows a trend in reporting requirements started in the UK and across Europe and, which is being implemented across Asia – both the Hong Kong and Malaysian Exchanges have recently implemented upgraded rules on “ESG” or sustainability reporting.

Reporting spreads confusion, The Environmentalist, 7 June – Fragmentation is undermining the potential of sustainability reporting to help organisations meet evolving challenges, according to analysis by accounting experts.

Sustainability reporting 'fails to fulfil its potential', Ashdown Group, 18 May – Despite concerns about climate change and an increasing awareness of the impact of business activities on the planet, sustainability reporting is failing to fulfil its potential, claims the ACCA and CDSB.

How Does a Company Prove It Is Really Climate Compliant?, International Banker, 25 April – At the COP21 United Nations Climate Change Conference on December 12, 2015, the Paris Agreement was adopted. Many companies had been asking for this type of ambitious agreement to provide certainty for their business modelling and future strategies.

The Climate Reporting Sprint: Striving For Consistency And Comparability, Forbes, 8 April  Christopher P. Skroupa interviews Tracey Rembert, Director of Investor Programs at Ceres, on climate reporting amongst companies.

Calls for carbon reporting to be strengthened, The Environmentalist, 5 April – The government should strengthen mandatory carbon reporting now that it has pledged to retain it, business and investor organisations have said.

When It Comes to Sustainability Reporting, What Is Material?, Environmental Leader, 4 April  Luckily for companies, reporting organizations are increasingly streamlining their frameworks and standards. This makes it easier for businesses, which face growing pressure from consumers, investors and other stakeholder to be transparent about their environmental achievements — and shortcomings.

Letters: Keep up the greenhouse gas check on companies, Independent, 11 March – In 2013, the UK Government introduced the mandatory carbon reporting requirements that require listed companies to report annually on their global greenhouse gas emissions in the directors’ report of the annual report.

Does The Financial World Finally Get Climate Change?, Forbes, 29 February – There’s a real buzz around the world of climate change and environmental information at the moment driven by recent high profile global events. An important milestone in the global shift towards better and more comprehensive non-financial reporting, the Task Force on Climate-related Financial Disclosures (TCFD), launched by Mark Carney, can build on a great deal of work already achieved in this area by a number of specialist NGOs, including the Climate Disclosure Standards Board (CDSB).

Company Disclosures Related to Climate Change, International Banker, 10 February – It is a global challenge impacting everyone, including companies and businesses around the world. Governments and societies are stepping up to challenge companies to address climate-related issues through reducing emissions, investing in responsible enterprises or complying with new and more stringent regulations.

Mandatory environmental reporting could discourage innovation: UK FRC’s Haddrill29 January – Regulatory intervention on environmental reporting matters can wait until the market probes it cannot make satisfactory progress, Stephen Haddrill, CEO of the UK Financial Reporting Council (FRC).

Poor link between environmental risk and corporate strategies, 29 January – Environmental matters need to be better integrated into overall corporate strategies, an analysis of annual reports of FTSE 350 companies has found.

Will Multi-Capital Corporate Reporting Take Off in 2016?, 12 January – Companies are increasingly looking for better ways to report on sustainability performance, driven by customer and investor demands.


COP21: Comment s'y retrouver dans la jungle des coalitions d'enterprises sure le climat?, 8 December – Tout au long de la première semaine de la COP21, les engagements d'entreprises se sont multipliés dans le cadre des journées thématiques du Programme d’Actions Paris-Lima (LPAA). Des journées organisées en marge des négociations mais au sein même de la zone dédiée aux délégués des pays et des observateurs. Une manière de mettre en relation le secteur public et le secteur privé pour lutter plus efficacement contre le changement climatique. La journée du 8 décembre en était le point d'orgue. L'occasion de révéler les derniers engagements du secteur privé. Mais surtout de faire le point sur les nombreuses coalitions d'entreprises qui se constituent aujourd'hui autour des questions climatiques.

NATS commits to international standard reporting of greenhouse gas emissions, 8 December – NATS is the first air navigation service provider to sign up to an international voluntary framework committing to transparently report its greenhouse gas emissions performance.

Climate change: Towards clean energy investment and supporting disclosure, November – Achieving the transition to a low-carbon economy to meet the 2ºC target requires shifting investment away from carbon-intensive options and towards low-carbon, climate-resilient infrastructure assets and technology. Over US$90 trillion will be needed in the next 15 years to meet global infrastructure needs across transport, energy and water systems, irrespective of climate change, according to the Global Commission on Climate and the Economy. But as the commission estimates, making these infrastructure investments “low-carbon” will impose additional costs of only 4.5% relative to business-as-usual, with benefits such as reduced local air pollution, improved energy security and lower traffic congestion.

What Will 'Revolutionize' Sustainability Reporting in 2016 and Beyond?, Environmental Leader, 13 November – Major players in the corporate reporting field joined forces this week to help businesses navigate the complex sustainability reporting landscape.

New web platform to streamline sustainability reporting, edie newsroom, 13 November – A trio of global sustainability organisations are creating a new reporting platform which aims to help businesses make sense of the reporting requirements that affect them on a regional, national and international level.

WBCSD, CDSB, Ecodesk to develop The Reporting Exchange, The Sustainability Report, 11 November – The World Business Council for Sustainable Development (WBCSD), the Climate Disclosure Standards Board (CDSB) and Ecodesk are developing The Reporting Exchange, which will be a free global sustainability reporting knowledge platform.

Mark Carney needs to catch up on climate reporting - hundreds of businesses are already doing it, Business Green, 2 October – Jane Stevensen writes on Mark Carney's call to action, but stresses that we don't need to reinvent the wheel and should use the work that has already been done to address this challenge.

Mark Carney’s climate change concerns align with accountants views, The Accountant, 2 October – Carney highlighted the importance of sustainability issues in a speech to an audience of insurers, his words have been met with support from CDSB and the Institute of Chartered Accountants in England and Wales (ICAEW).

Improving carbon accounting to drive better corporate carbon performanceChartered Association of Business Schools – research by the CABS in association with the Economic and Social Research Council (ESRC), the Natural Environment Research Council (NERC) and the UK Energy Research Centre (UKERC) has led to developments the international practice of carbon accounting and driven positive action by influential investors on climate change.

Fossil fuel firms fail to report climate risks, The Climate News Network, 9 July – CDP, the Climate Disclosure Standards Board (CDSB), ClientEarth and the Carbon Tracker Initiative are calling for intervention by the UK Financial Reporting Council (FRC), the independent regulator responsible for promoting high-quality corporate governance.

CDP, ClientEarth, CDSB in plea to UK’s FRC, The Sustainability Report, 26 June – CDP, The Climate Disclosure Standards Board (CDSB) and ClientEarth have called upon the UK’s Financial Reporting Council (FRC) to ensure that companies in the oil, gas and coal sectors are complying with legal duties to address climate risk in their reporting.

Are fossil fuel companies failing in their legal duty to report climate risk?, Business Green, 26 June –  Group of non-profits issue an open letter to Financial Reporting Council calling for greater scrutiny of climate risk reporting from fossil fuel companies.

A reporting framework launched ahead of yet another climate fiasco in Paris?, The Accountant, 10 June – The Climate Disclosure Standards Board (CDSB) officially launched a framework to disclose environmental information and connect it with financial performance, using well-established mainstream corporate reporting channels.

New reporting framework for the environment and natural capital, Institute of Chartered Accountants in England & Wales (ICAEW), 10 June – ICAEW CEO Michael Izza's take on the recently launched CDSB Framework for reporting environmental information & natural capital.

CDSB Launches Framework for Natural Capital Reporting, Environmental Leader, 10 June – Coverage of the launch of the expanded CDSB Framework for reporting environmental information & natural capital.

Better discipline for mainstream environmental reporting: the CDSB Framework, CapitalActiv, 9 June – One of the big shifts taking place in business reporting is the movement away from separate CSR or sustainability reports towards integrated mainstream reports.

Tool aims to make environmental reporting mainstream, The Environmentalist, 9 June – A framework to help companies integrate information on the environment and natural capital in their corporate reporting has been launched by the Climate Disclosure Standards Board (CDSB).

A Framework for Reporting Environmental Information & Natural Capital, Natural Capital Initiative, 9 June  This week, a new framework for reporting environmental information and natural capital was published by CDSB. James Borrell, NERC Policy Fellow with the Natural Capital Initiative attended the launch at ICAEW, and summarises what this means for natural capital in the UK. 

New reporting framework for climate change will assure transparency for investors and public, The Clean Revolution, 8 June – A new reporting framework to assess environmental information and natural capital in mainstream corporate reports has just been launched by the Climate Disclosure Standards Board (CDSB)

Just released: new CDSB Framework for reporting on environmental information & natural capital, Carol Adams, 8 June  Key features of the Framework are its focus on reporting environmental information linked to strategy, overall performance and financial information in mainstream reports which is useful to providers of capital.

Investors launch platform to showcase their climate change initiatives, Environmental Finance, 20 May  A group of institutional investors, managing some $25 trillion, have launched an online platform to highlight the actions they are taking to curb climate change.

Corporate Reporting Giants Publish Reporting Framework Navigation ToolEnvironmental Leader, 6 May – The biggest global names in corporate reporting — CDP, GRI, CDSB, FASB, IASB, ISO, SASB and IIRC — have published a landscape map that provides a snapshot of a comparison of their frameworks, standards and related requirements through the lens of integrated reporting.

CDSB published comparison of international non-financial reporting approaches, The Sustainability Code, 27 April – CDSB published a working paper in February 2015 cross-referencing the most common international reporting standards with the guidelines of the CDSB Framework (“Making the connections”, CDSB 2015).

PRI backs fiduciary duty and climate change disclosure statement, Responsible Investor, 22 April – The UN-supported Principles for Responsible Investment (PRI) has thrown its weight behind a statement on fiduciary duty and climate change disclosure put together by the Climate Disclosure Standards Board (CDSB).

Six Capitals v The Triple Bottom LineCarol Adams, 9 April — The relative merits of the Six Capitals v The Triple Bottom Line may be questioned as reflecting a distinction between Integrated Reporting and Sustainability Reporting. Carol Adams explains why we can't have one without the other. 

RI ESG Briefing, Responsible Investor, 27 February — CDSB's alignment table features in RI's round-up of the latest and most important environmental, social and governance news.

Table connecting corporate non-financial reporting approaches, IAS Plus, 24 February — IAS Plus feature a story on CDSB's new alignment table.

Sustainability Reporting – Empowering Responsible Investing for Long-Term Prosperity, Corporate Knights, 5 February — An article on the current state of sustainability reporting, including the impact of the CDSB Climate Change Reporting Framework.

Special Report ESG: Carbon Risk, Accounting for carbon, Investment and Pensions Europe, 3 February — An article including an interview with CDSB Executive Director Lois Guthrie on the current state of climate change information reporting.

Cerca de 80 compañías y grupos de inversión firman un manifiesto de deber fiduciario y cambio climático, Mercados de Medio Ambiente, 26 January – Un grupo de empresas e inversores ha firmado un manifiesto por el que se comprometen a divulgar información financiera relacionada con los riesgos y oportunidades que supone el clima en sus respectivas actividades en sus informes de rendimiento corporativo.

Accounting for natural capital on financial exchanges, Mongabay.com, 26 January – Global institutions, national and local governments, and established corporations are recognizing that in order to deliver expected financial returns in the long run, all the factors that affect a company must be taken into account.


Big accounting firms taking the lead on sustainable development, The Conversation, 28 December – Accountants around the world are currently considering how the organisations they work for can meet the UN’s Sustainable Development Goals. As experts in measurement and data controls, analysis, reporting and monitoring, it makes sense for them to take the lead.

5 Innovators That Transformed the Climate Change Battle in 2014, Triple Pundit, 24 December – The Statement on climate change and fiduciary duty named in a handful of the many advancements that were undertaken by companies and nonprofits that saw the opportunity — and need — for change.

CDSB Proposes Climate Reporting Requirements for Stock Exchanges, iisd Reporting Services, 5 December – CDSB launched a report that proposes corporate climate change reporting requirements for adoption or support by stock exchanges, with the aim of encouraging the supply and use of information to strengthen market resilience against climate change impacts.

CDSB publishes final draft of expanded framework, The Sustainability Report, 5 November – The Climate Disclosure Standards Board (CDSB) has released the final draft of its expanded reporting framework.

New guidelines coming for environmental reporting, CGMA Magazine, 4 November – A new framework to guide organisations’ reporting of environmental information is in the final stages of development.

CDSB launches final consultation on environmental reporting proposal, Environmental Finance, 3 November – The Climate Disclosure Standards Board (CDSB) is inviting comments on the final draft of its reporting framework that aims to help companies with their disclosure of environmental information.

Climate Change Reporting Framework Links to Financial Performance, Accounting Today, 31 October – Michael Cohen on the consultation of the updated CDSB Framework and on the growth of sustainability reporting.

Second and final draft of the CDSB's environmental reporting framework, IAS Plus, 31 October – IAS Plus's entry on the CDSB Framework consultation.

Final draft of environmental reporting framework published, the environmentalist, 31 October – Briefing on the second and final consultation of the updated CDSB Framework.

Non-financial reporting directive adopted while questions remain on implementation, Global Accountant, 3 October – The European Council took a step towards ensuring the financial markets have information to take sufficient account of risks and opportunities relevant to future shareholder value. 

EU Passes Non-Financial Reporting Law, But Implementation in Flux, Compliance Week, 1 October – The Council of the European Union approved the non-financial reporting directive requiring disclosure of non-financial information by large companies.

Implementation concerns remain as EU adopts non-financial reporting directive, The Accountant, 29 September –  As the Council of the European Union announces the adoption of the directive for the disclosure of non-financial information, high spirits are dampened by concerns around implementation. 

EU non-financial reporting gets final go-ahead, Environmental Finance, 29 September – The European Council has adopted a directive that will require large companies to disclose information on their environmental, social and governance (ESG) policies along with their main financial reports.   

Major Firms Pledge Climate Change Disclosure as 'Fiduciary Duty', Environmental Leader, 24 September – A group of major companies and investors have committed to report climate change in corporate reports as a matter of fiduciary duty.

Joint investor-corporate statement links fiduciary duty and climate change disclosure, Responsbile Investor, 23 September – Convened by CDSB with the UNEP Finance Initiative, leading investors and companies have got together to issue a joint statement. 

Companies Sign on to Report on Climate Change, Triple Pundit, 23 September – Signatories of statement agree to make use of climate change information in mainstream corporate reports to support the UN climate change negotiations. 

CDSB consultation finds broad support for framework, The Sustainability Report, 8. August – Interview with CDSB Executive Director Lois Guthrie about the responses to the consultation to the draft of the expanded CDSB Reporting Framework, which includes water and forest risk commodities.

Investor-corporate statement on fiduciary duty and climate change planned for UN Climate Summit, Responsible Investor, 30. July – A major statement by investors and corporates on fiduciary duty and climate change disclosure is being planned for the United Nations Climate Summit in New York on September 23, being spearheaded by the Climate Disclosure Standards Board (CDSB).

Amid a complex range of corporate reporting initiatives, are we seeing the emergence of a catalyst for convergence?, Responsible Investor, 30. July – Could the Corporate Reporting Dialogue piece together the disparate parts of the reporting puzzle?

IIRC Launches Corporate Reporting Dialogue, Environmental Leader, 17 June – The International Integrated Reporting Council (IIRC) today launched the Corporate Reporting Dialogue (CRD), a platform to coordinate and align the work of corporate reporting organizations, including CDSB.

Using economic systems as environmental guardians, The Crowd, 12 June – CDP Executive Chairman on building a bridge between business and the environment though accounting for natural capital.

Consultation begins on tougher stranded assets reporting regime, UN Principles for Responsible Investment, May – UN PRI's coverage of the discussion paper on reporting Carbon Asset Stranding Risks, in the context of PRI's upcoming 'PRI in Person conference. Read article

Stranded asset risk reporting needs update, says CDSB, Environmental Finance, 30 April – Article about CDSB's discussion paper on Carbon Asset Stranding Risks and the importance of transparent corporate reporting.Read article

CDSB tackles reporting of carbon asset stranding risks, The Sustainability Report, 30 April  Article on CDSB's recently released Carbon Asset Stranding Risks Discussion Paper. Read article 

Climate disclosure standards body looks at corporate stranded assets reporting, Responsible Investor, 29 April – Briefing on the release of CDSB's discussion paper on Stranded Assets. Read article

CDSB welcomes European Parliament decision on corporate reporting, Community Insurance & Risk, 15 April – The European Parliament's decision to increase corporate transparency has the potential to identify previously hidden environmental risks, impact international climate change negotiations and harmonise increasing regulation by European Member States on corporate reporting of non-financial information. Read article

Another reporting framework? Yes, but a valuable one, IFAC, 1 Apri – Article by Dr Jarlath Molloy, CDSB Technical Manager, on CDSB's mission and new Reporting Framework Read article

Not another reporting Framework?, ACCA Blog, 10 March – CDSB Technical Manager Dr Jarlath Molloy on what sets CDSB's Reporting Framework apart from the rest in the sustainability reporting sphere. Read article

NatCap13: 100 Days Later, Triple Pundit, 1 March – As part of a roundup of developments since the World Forum on Natural Capital in 2013, it's noted that the inclusion of natural capital in CDSB's framework is an important step. Read article

Not another reporting Framework?, Institute of Chartered Accountants of Australia, 27 February – Karen MCwilliams on the significance of the CDSB Reporting Framework consultation draft and why it isn't just 'another framework'. Read article

CDSB seeks views on updated environmental reporting framework, IAS Plus, 20 February  A summary of the main changes and influences of the CDSB Reporting consultation draft, released in February 2014. Read article

CDSB expands natural capital in new reporting framework, The Sustainability Report, 19 February – Interview with CDSB Executive Director Lois Guthrie about the CDSB Reporting Framework consultation draft, with inisghts into the reason behind the expansion of the Framework and influencers of its content. Read article

A review of carbon accounting in the social and environmental accounting literature: what can it contribute to the debate?, 9 January  CDSB is referred to as a leader in the accounting debate. Read article

Integrating best reporting practices for enhancing corporate social responsibility  CDSB is referenced in the discussion about the positive impact integrating corporate reports has on CSR. Read book 

Initiate adaptation, ensure commitment and management; in climate change adaptation manual - CDSB is referenced and readers are referred to CDSB for follow-up information regarding climate change reporting and policy adaptation in the UK. Read book

Communicating about integrating sustainability in corporate strategy: motivations and regulatory environments of integrated reporting from a European and Dutch perspective; in critical studies on corporate responsibility, governance and sustainability - CDSB is referenced in regard to a discussion on different perspectives on integrated corporate reporting. Read book

RI ESG Briefing, Responsible Investor, 18 February  Briefing for investors on the consultation. Read article


Sustainability and business - how many planets are enough?, New Statesman, 27 November – For boards, climate change needs to be made meaningful not in terms of “did we do a good thing”, but in terms of “what are the dangers and opportunities this company faces in the years ahead?”. Read article

IBGC incentiva a Sustentabilidade como pauta de reuniões de Conselhos de Administração (IBGC encourages Sustainability on the Board Agenda), SEGS, 26 November – "We see a movement that is taking place that companies are starting to discuss sustainability in Brazil, especially when they notice that economic success is related to non-financial results," said Sandra Guerra, Chairman of the Board of the Brazilian Institute of Corporate Governance. Read article

CDSB guidance for companies complying with UK GHG disclosure, The Sustainability Report, 22 November – The Climate Disclosure Standards Board (CDSB) has released a new guidance for UK-listed companies disclosing greenhouse gas emissions (GHG), in line with recent amendments to British law. Read article

What price the priceless?, International Accounting Bulletin, 21 November – As natural resources become scarce, businesses may need to incorporate nature in their balance sheets and financial statements by giving a price to natural assets such as air, ancient woodlands or natural habitats. Vincent Huck looks at the latest trend in natural capital accounting. Read article

Guide Helps Firms Comply with GHG Reporting Requirements, Environmental Leader, 21 November – The Climate Disclosure Standards Board (CDSB) today launched a guide to help UK companies comply with greenhouse gas emissions reporting regulations under the recent amendments to the UK Companies Act 2006. Read article

How to catch up with mandatory carbon reporting – Business Green, 1 October – New government rules requiring all listed companies to report their greenhouse gas emissions come into effect today - but is the market ready? Read article

A consensus on carbon reporting - Guardian, 26 September – From October, listed companies in the UK will be required by law to publish details of the greenhouse gases they produce, but how will this work in practice? Read article

Should Climate Risks Be Included in Sustainability Reports? - Triple Pundit – Climate poses potential risks to companies's ability to operate and preserve value. Despite this, and growing requests from investors many sustainability disclosures and 10-K filings lack this type of information. Read article

Environmental groups join integrated reporting push - Accountancy live – The International Integrated Reporting Council (IIRC) has teamed up with the Carbon Disclosure Project (CDP) and the Climate Disclosure Standards Board (CDSB) in a bid to accelerate the adoption of integrated reporting (IR). Read article

UK companies set for mandatory greenhouse gas reporting - Inside Investor Relations – Interview with CDSB's Executive Director on the new mandatory greenhouse gas reporting regulations in the UK. Read article

CDP, CDSB, IIRC Team Up to Accelerate Integrated Reporting - environmental leader - Investment & Pensions Europe – CDP, the Climate Disclosure Standards Board (CDSB) and the International Integrated Reporting Council (IIRC) have teamed up to accelerate integrated reporting. Read article

ESG roundup: Mercer on pay, integrated reporting, UK Companies Act 2006 – Briefing on the events of the past 2 days: UK mandarory GHG reporting and Memorandum of Understanding signed between CDSB, CDP and IIRC. Read article

Investor coalition backs plans for more non-financial reporting-Inside Investor Relations - June 20th 2013, Organizations call on European Parliament to back April 16 proposal without weakening provisions. Read article

Proposed European legislation on non-financial reporting is an opportunity for economy- Institutional Asset Manager -June 20th 2013 Eurosif, Eumedion, CDP, CDSB, EFFAS, UNEP-FI, ICGN and IIGCC strongly support the European Commission proposal published on 16 April mandating large European companies to report material non-financial information and their diversity policy in their annual reports. Read article

Sustainability Standard Setters Sign Agreement-Accounting Today -June 6th 2013The Sustainability Accounting Standards Board has signed a memorandum of understanding with the Carbon Disclosure Project. The purpose of the MOU is to promote greater understanding, visibility and support for the development of disclosure standards for climate change-related and sustainability issues. Read article

SASB and CDP Announce Memorandum of Understanding-The Wall Street Journal -June 5th 2013, The Sustainability Accounting Standards Board and CDP today announced an agreement to deepen their partnership towards advancing corporate disclosure on material sustainability issues. The Climate Disclosure Standards Board (CDSB) will play a key role in this working relationship Read article

EU to ammend social, environmental transparency rules for large companies-IPE - April 17th 2013The European Commission has proposed an amendment to existing accounting legislation to improve the transparency of certain large companies on social and environmental matters.Read article

Climate change negatively affects the global economy-Engineering News -March 29th 2013, Through the increase in severe weather events, climate change is no longer an issue that can be avoided by companies. It is a material issue which has the potential to impact on a company's performance. Thus companies need to encompass these material issues into their reports. Climate change reporting and Integrated Reporting have much in common as they both equip companies with the tools to identify risks and opportunities to their business. Read article


UK govt drafts greenhouse gas reporting regulation - The Accountant - July 25th 2012, After plans were confirmed at the Rio+20 Summit last month to introduce mandatory greenhouse gas reporting, Defra has issued a draft regulation outlining the requirements for UK listed companies that are to report on their greenhouse gas emissions starting April 2013. The legislation should point companies towards CDSB's Framework.Read article

Carbon reporting key to company fortunes - Financial Times - July 8th 2012, Despite GHG reporting by two-thirds of FTSE 350 companies, investors’ demand and usage of these numbers are lacking. Yet, these numbers represent opportunities for corporations to mitigate their environmental risks and in turn produce business growth or significant savings. CDSB’s climate change reporting framework allows standardised and comparable reporting which helps to level the playing field in carbon reporting. With management of natural capital becoming central to corporate performance in the coming decades, investors need to be ready to use those numbers. Read article

What will carbon reporting mean for companies? - economia - July 4th 2012, For the companies listed on the main market, depending on whether they have previously disclosed GHGs or not, the mandatory reporting will have different influences. But across the board, it will force them to take a hard look at their measurement techniques, work on any material GHG, report those numbers and get an independent recognised assurance. Corporations are going to find that they will be increasingly responsible for accurate accounting of their carbon footprint. Various reporting challenges exist but these are addressed by CDSB’s climate change reporting framework, such as materiality, boundaries and scope. Read article

British government to mandate LSE greenhouse gas disclosure - The Sustainability Report - Jun 20th 2012.The UK government will introduce legilsation that companies listed on the London Stock Exchange will have to disclose their greenhouse gases. CDP and CDSB welcomed the news and have recommended that the UK Government adopt CDSB's Framework as a method of compliance. Read article

UK government moves on carbon reporting and executive pay - Responible Investor - Jun 20th 2012, The UK government has announced that companies listed on the London Stock Exchange must report their annual greenhouse gas emissions,making the UK the first country to do so. Read article

UK listed companies to report carbon emissions - The Accountant - Jun 20th 2012. UK Deputy Prime Minister Nick Clegg has said more than 1800 companies are going to have to report greenhouse gas emission levels from April 2013. Read article

ESG roundup: Green infrastructure, mandatory climate reporting - Investment & Pensions Europe - Jun 20th 2012, As the world faces greater environmental challenges, business and investment opportunities are emerging. It is within this context that the UK has outlined new regulations for mandatory greenhouse gas reporting. Read article

UK Mandates Emissions Reporting for Public Companies - SocialFunds - Jun 20th 2012, At the +20 sustainability conference, the UK Deputy Prime Minister announced the mandatory reporting of greenhouse gas emissions by companies listed on London Stock Exchange (LSE). CDP appreciates the move and recommends the adoption of CDSB’s climate change reporting framework as a standardized format for climate change-related disclosure. Read article

U.K. Mandates Corporate Greenhouse Gas Reports - Compliance Week - Jun 20th 2012, Responding to the market needs and demands and to move towards a low carbon economy, the government of United Kingdom has mandated reporting of greenhouse gas emissions by the companies listed on the London Stock Exchange (LSE) from the next financial year. A move much awaited by CDP and CDSB. Read article

Corporate Responsibility Magazine - The Future Quotient - Jan 5th 2012, John Elkington identifies 50 stars in the areas of sustainability and innovation. CDSB is described as a 'constellation' and features alongside China's 5 year plan and Google. Read article

BusinessGreen - Mandatory emissions reporting decision could be delayed further - Jan 4th 2012, Will Nichols looks at the delay in the decision regarding mandatory emissions reporting, and how the decision may not be made by the April 6th 2012 deadline set by the Climate Change Act. Features a quote from CDSB's executive director, Lois Guthrie. Read article.


Social Funds - Sustainability News - Largest South African companies are responding to climate change but need to more- Dec 6th 2011, Robert Kropp analyses a report by EIRIS commissioned by the Johannesburg Stock Exchange (JSE) to look into the corporate responses to climate change of the 40 largest companies listed on the JSE. Read article.

Unburnable Carbon - Are the world's financial markets a carbon bubble? 2011, a report by the Carbon Tracker Initiative, calls into question the treatment of oil reserves as assets if the enforcement of GHG targets means that the reserves cannot be combusted or sold. Climate scientists have calculated that if 886 Gt CO2 is released globally during the period 2000 – 2050, there is a 20% chance that global warming will exceed 2°C. In 2011, the world has already burnt over one third of this 886 Gt CO2 budget, and the known fossil fuel reserves easily exceed the remaining allowance. The report refers to the reserves beyond this limit as unburnable carbon. Its authors have approached CDSB to explore working together to progress this work. Of particular interest to them is CDSB's input into how accounting rules and the regulatory architecture support the continuing characterisation of reserves as assets, notwithstanding that reduction targets might impair them. Download report

Accounting Futures Edition 03, 2011 published by the Association of Chartered Certified Accountants, introduces a series of articles on The Age of Integration: A New Dawn for Corporate Reporting? The articles focus on the International Integrated Reporting Committee. and summarise its goals, including climate change disclosure as advocated by CDSB. The outcome of corporate reporting 'would be a more holisitic picture of the reporting entiity that covers risks and opportunities, and reflects the interconnections between ESG and financial factors'. Dowload articles

World Investment Report 2011: Non-equity modes of International production and development published by UNCTAD, highlights the increasing focus on corporate social responsibility standards within the investment policy landscape, by means of voluntary and regulatory initiatives.The report singles out the investment opportunities in renewable energy which combine competitive financial returns with environmental and social gains. Download report

Disclosing Climate Risks and Opportunities in SEC Filings: a Guide for Corporate Executives, Attorneys and Directors, 2011 was published by CERES. This report helps companies review and improve their disclosure. It provides clear guidance for companies on how to assess and disclose climate risks and opportunities, as well as give concrete examples of what investors view as quality disclosure. It refers to the Climate Change Reporting Framework as guidance covering all aspects of the framework developed by the Global Framework for Climate Risk Disclosure. Download report


OECD’s transition to a low carbon economy report, 2010. The report summarises policy frameworks, regulations and other drivers of corporate action in support of a low-carbon economy and documents business practices in addressing climate change, building on principles of responsible business conduct as identified in the Guidelines for Multinational Enterprises. It is structured around three broad areas of corporate action: accounting for greenhouse gas (GHG) emissions; achieving reduction of GHG emissions; reaching out to suppliers, consumers and other stakeholders. Dowload report

The Landscape of Integrated Reporting: Reflections and Next Steps, 2010, edited by Robert G. Eccles, Beiting Cheng and Daniela Salzman, is a free EBook with eleven Parts, published by Harvard Business School. This followed the School’s Workshop on Integrated Reporting: Frameworks and Action Plan. In Part 10 on Lessons from Experience, Lois Guthrie of CDSB contributed the article Carbon Disclosure Standards Board – setting a standard for realism and resilience which discusses the background to the Climate Change Reporting Framework published the same year. Download ebook

Carbon reporting to date: seeing the wood from the trees, 2010 was published by Deloitte LLP. It examines how a sample of 100 UK listed companies publicly report their greeenhouse gas emissions or 'carbon footrpint', compared to Defra's guidance. Disclosures showed a high degree of variation in carbon footprint reporting practices. The report singles out CDSB's Climate Change Reporting Framework as a tool for integrating climate change-related information into mainstream corporate reporting. Download report


All together now: a common business approach for greenhouse gas emissions reporting, 2009 was published by the CBI. It presents a set of proposals developed through a substantial programme of business engagement across the UK for a common approach to greenhouse gas reporting. The report presents CDSB's key aim and recommends the use of the financial control methods to define company boundaries, aligning emissions reporting with financial reporting. Download report

Rising to the Challenge: a Review of Narrative Reporting in UK Listed Companies, 2009 was published by the Financial Reporting Council and the Accounting Standards Board. The report aims to help companies improve their narrative reportting, and identifies risk reporting as the area most in need of improvement. The list of proposals for carbon reporting requirements and guidance includes CDSB's Reporting Framework Exposure Draft. Download report

The Materiality of Climate Change and the Role of Voluntary Disclosure, CLPE Research Paper 47,Nov 30th 2009 explores the role of voluntary disclosure in response to the demands of investor groups in North America for clarification about the application of existing disclosure requirements to climate change-related risks. Even if issuers are meeting their current obligations on disclosure of climate change risks, the “materiality” threshold for disclosure would still be likely to leave a gap between legal requirements for issuers and the demands of investors for information about how issuers are responding to climate change challenges. CDSB is singled out as an initiative where organisations collaborate on voluntary disclosure. Download report