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ARTICLE · 09 JANUARY 2025

The CSSB Has Released Its Final Standards: Mandatory Rules For Climate Disclosure Are Coming Soon

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More relief, same standards. The Canadian Sustainability Standards Board (CSSB), in the final version of its standards released on December 18, 2024...

CanadaCorporate/Commercial Law
Marie-Christine Valois
Marie-Christine Valois
Sabrina Spencer
Sabrina Spencer
Emilie Clairoux
Emilie Clairoux
Gabrielle Goodfellow
Gabrielle Goodfellow
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More relief, same standards. The Canadian Sustainability Standards Board (CSSB), in the final version of its standards released on December 18, 2024, has given companies more time to fully implement the standards' rules when making their sustainability disclosure. Otherwise, the finalized standards hold no surprises and remain consistent with the standards issued by the International Sustainability Standard Board (ISSB) in June 2023.

While the CSSB standards remain a voluntary framework, they will act as an influential reference point for Canadian regulators deciding on mandatory rules for climate-related disclosure.

The Canadian Securities Administrators (CSA) are working towards a revised climate-related disclosure rule for public companies that will consider the CSSB standards and may include modifications to adapt to the Canadian capital markets and factor in developments in the United States, where the topic has been polarizing.

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