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1. www.pwc.com › need-to-know-about-csdsCanada’s sustainability disclosure standards | PwC Canada

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   the proposed transition relief for disclosures beyond climate-related risks and opportunities has been extended from one year granted by the ISSB to two years. This means entities that voluntarily adopt the CSSB standards on January 1, 2025, will be required to disclose information on all sustainability-related risks and opportunities from the reporting period beginning on or after January 1 ...

2. www.frascanada.ca › en › sustainabilityIn Brief – A plain and simple overview of the recently issued ...

   www.frascanada.ca › en › sustainability

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   Jun 26, 2023 · Accordingly, the CSSB proposes that CSDS 1 and CSDS 2, once finalized, become effective on the same date. However, the Board proposes extending the one-year transition relief within IFRS S1 to two years for disclosures beyond climate-related risks and opportunities. Timing of reporting (paragraphs 64-69 of CSDS 1)

3. www.fasken.com › en › knowledgeCSSB Releases its Draft Standards: One Step Closer to ...

   www.fasken.com › en › knowledge

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   Mar 19, 2024 · CSDS 1 contains general requirements regarding sustainability-related financial information and CSDS 2 contains climate-related disclosure requirements. For the moment, these drafts are almost identical to the standards issued by the International Sustainability Standard Board (ISSB) in June 2023, with the exception of certain additional relief to account for the Canadian context.

4. www.frascanada.ca › en › sustainabilityMedia Release – Canadian Sustainability Standards Board ...

   www.frascanada.ca › en › sustainability

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   Mar 13, 2024 · Committed to the global baseline the ISSB established, the CSSB’s proposed CSDS 1 and CSDS 2 align with IFRS S1 and S2 – but with Canadian-specific modifications suggested. Also available for public comment is a paper discussing how the CSSB proposes to introduce changes, if required, to IFRS Sustainability Disclosure Standards for use in Canada.

5. www.cpaontario.ca › sustainability › sustainabilityKeeping Pace in the Global Race for Sustainability Standards:

   www.cpaontario.ca › sustainability › sustainability

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   Mar 13, 2024 · CSDS 1 and CSDS 2 are broadly aligned to IFRS S1 and IFRS S2, with the following specific amendments: Extension of the effective date for CSDS 1 and CSDS 2 by one year to January 1, 2025. Transition Relief Extensions. One extra year is allowed for disclosing sustainability topics outside of climate risks/opportunities.

6. assets.kpmg.com › content › damFirst proposed Canadian Sustainability Disclosure Standards ...

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   The Canadian Sustainability Standards Board (CSSB) released proposals on its first two Canadian Sustainability Disclosure Standards (CSDS). The release includes three key documents: • Exposure Draft CSDS 1, General Requirements for Disclosure of Sustainability-related Financial Information; Exposure Draft CSDS 2, Climate-related Disclosures; and.

7. People also ask

   Are CSDS 1 & CSDS 2 voluntary in Canada?

   • For the moment, these drafts are almost identical to the standards issued by the International Sustainability Standard Board (ISSB) in June 2023, with the exception of certain additional relief to account for the Canadian context. Once finalized, CSDS 1 and CSDS 2 will only be voluntary standards in Canada.

   CSSB Releases its Draft Standards: One Step Closer to ... | Fasken

   www.fasken.com/en/knowledge/2024/03/cssb-releases-its-draft-standards-one-step-closer-to-mandatory-sustainability-reporting-in-canada

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   What is proposed CSDS 1?

   • Its primary objective is to require an entity to disclose information about its sustainability-related risks and opportunities. Proposed CSDS 1 includes definitions and information required to prepare a complete set of sustainability disclosures and a standard for sustainability-related disclosures.

   In Brief – A plain and simple overview of the recently ... - FRAS Canada

   www.frascanada.ca/en/sustainability/projects/adoption-csds1-csds2/cssb-in-brief-csds-1-and-csds-2

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   What changes have been made to the CSDS requirements?

   • The changes are as follows: The CSSB Standards extend the effective date of application of the CSDS 1 and CSDS 2 requirements for annual reporting periods from January 1, 2024 to January 1, 2025, granting Canadian companies one additional year to prepare for implementation.

   Canadian Sustainability Standards Board proposes Canadian

   www.mccarthy.ca/en/insights/blogs/canadian-securities-regulatory-monitor/canadian-sustainability-standards-board-proposes-canadian-sustainability-disclosure-standards

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   What is CSDS 1?

   • CSDS 1 proposes to adopt IFRS S1 without any modifications, except for the effective date and transition relief. Its primary objective is to require an entity to disclose information about its sustainability-related risks and opportunities.

   In Brief – A plain and simple overview of the recently ... - FRAS Canada

   www.frascanada.ca/en/sustainability/projects/adoption-csds1-csds2/cssb-in-brief-csds-1-and-csds-2

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   When will CSDS 1 & 2 become effective?

   • Accordingly, the CSSB proposes that CSDS 1 and CSDS 2, once finalized, become effective on the same date. However, the Board proposes extending the one-year transition relief within IFRS S1 to two years for disclosures beyond climate-related risks and opportunities.

   In Brief – A plain and simple overview of the recently ... - FRAS Canada

   www.frascanada.ca/en/sustainability/projects/adoption-csds1-csds2/cssb-in-brief-csds-1-and-csds-2

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   Should CSDS be mandated?

   • The CSSB has proposed an effective date for annual reporting periods beginning on or after January 1, 2025, a one year deferral from the effective date approved by the ISSB. However, Canada’s regulators and legislators will determine whether CSDSs should be mandated, and if so, who will need to apply the standards and over what time frame.

   First proposed Canadian Sustainability Disclosure Standards (CSDS) - KP…

   assets.kpmg.com/content/dam/kpmg/ca/pdf/2024/03/cssb-releases-exposure-draft-for-csds-1-2-technical-slipsheet-vf-en.pdf

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8. www.mccarthy.ca › en › insightsCanadian Sustainability Standards Board proposes Canadian ...

   www.mccarthy.ca › en › insights

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   Mar 21, 2024 · The transition relief for disclosures beyond climate-related risks and opportunities (in accordance with CSDS 2) has been extended by one additional year. Comparative Information The requirement for entities to disclose comparative information on sustainability related risks and opportunities, excluding those linked to climate, have also been extended for one additional year.