The Canadian Sustainability Standards Board (CSSB) has released its inaugural proposed Canadian Sustainability Disclosure Standards (CSDS), establishing a foundational step toward consistent, transparent, and comparable sustainability reporting across the country.
The proposals, CSDS 1 and CSDS 2, align closely with the International Sustainability Standards Board’s (ISSB) global baseline—IFRS S1 and S2—but incorporate Canada-specific adaptations. These include proposed changes in effective dates and transitional relief designed to support smoother implementation for Canadian entities.
The CSSB aims to ensure that organizations across sectors can effectively communicate their sustainability performance while aligning with international best practices. The consultation also includes a companion paper that outlines how Canada may adopt or modify global standards to reflect national priorities.
“This initiative represents a major step in embedding sustainability into the core of our economic system,” said Charles-Antoine St-Jean, Chair of the CSSB.
The public consultation period is now open, inviting feedback on how best to introduce and implement these standards across Canadian markets.
