CSSB Releases Final Canadian Sustainability Disclosure Standards: Mandatory Disclosure Rules Are On The Horizon

Following a public feedback, education and consultation process, which involved engagement with a diverse group of participants, including Indigenous communities, the Canadian Sustainability Standards Board (CSSB) released the final versions of its Canadian Sustainability Disclosure Standards (Final Standards), which address both general sustainability-related disclosures and climate-specific requirements. Other than granting entities additional time to fulfill their reporting requirements, the Final Standards are largely unchanged from the draft standards released for comment by the CSSB in March 2024 and remain aligned with the global baseline sustainability and climate-related reporting standards established by the International Sustainability Standards Board (IFRS Standards).