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.

May newsletter: Breakfast invite, Australia is waking up to climate risk & more

CDSB's newsletter rounds up the key updates from our network and our most recent work

Breakfast discussion: can accounting standards help companies navigate the TCFD's recommendations?

Join CDSB and Grant Thornton for a breakfast discussion in London to explore the issue of how companies can use existing International Financial Reporting Standards (IFRS) to deliver on the TCFD recommendations.

Companies looking to disclose in line with the TCFD recommendations will need guidance to understand how to apply traditional accounting standards to the disclosure of climate-related financial information.

The event will be based on a discussion paper published by CDSB and Grant Thornton on how IFRS 7 and 9 may relate to climate change reporting. A panel of experts will present the key issues around this topic and the audience will be invited to contribute actively to the discussion. The outcomes of the day will be integrated in the final version of the paper, to be published later this year.

Find out more and register here

Australia is waking up to climate risk

Australia’s Senate, Prudential Regulator and Department of Environment and Energy have all looked at climate risk disclosure in the past few months. A lot has happened to get the country to pay attention to the financial risks that climate change poses.

In this editorial, CDSB Managing Director 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.

Read the article

Non-financial reporting, stage two: changing human behaviour

The new requirements on non-financial reporting will be the cause of some soul searching in offices across the European Union over the next 12 months. Following on the transposition of the EU Non-Financial Reporting Directive, we are likely to see many companies looking at the issues addressed for the first time and turning to their professional advisors for guidance.

Dr Jarlath Molloy, CDSB’s Technical Working Group member, writes about the real challenge companies across Europe face with the new requirements.

Read the blog

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