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 joins the debate on Mandatory Carbon and Narrative Corporate Reporting

In June, CDSB organized a workshop aimed at eliciting investor reactions to DEFRA’s recent consultation on mandatory carbon reporting.

The workshop was generously hosted by the Institute of Chartered Accountants of England and Wales (ICAEW) and examined the mandatory reporting consultation from an investor’s perspective, building on the outcomes of CDSB’s recent research. Speakers included Alan McGill of PwC and Frank Curtiss of the International Corporate Governance Network, with panellists from Deloitte, KPMG, Aviva, ICAEW and DEFRA. Read a report of the event here. Responses from CDSB and the carbon disclosure project to DEFRA’s mandatory carbon reporting consultation may be downloaded here.

The UK Government’s Department for Business, Innovation & Skills (BIS) will release this month their proposals based on the findings of their corporate narrative reporting consultation (Aug-Oct 2010). This will include any relevant outcomes from DEFRA’s recent mandatory reporting consultation.