Canadian Sustainability Standards Board (CSSB) is taking momentum to develop the Canadian Sustainability Disclosure Standards (CSDS), which aim to align with the International Sustainability Standards Board (ISSB) standards while incorporating Canadian-specific modifications. Key updates include the release of draft standards CSDS 1 and CSDS 2 for public comment, with proposed adoption dates extended to January 1, 2025 Future discourse will likely focus on the integration of these standards into Canadian securities legislation and the feedback from stakeholders during the consultation period This period is crucial for Canadian companies to influence the final standards and prepare for mandatory sustainability reporting.
Source: https://www.pwc.com/ca/en/today-s-issues/environmental-social-and-governance/insights/need-to-know-about-csds.html
Canada’s Draft Sustainability Disclosure Standards