News Listings

Representatives of the Canadian Sustainability Standards Board (CSSB) and the Sustainability Standards Board of Japan (SSBJ) held their inaugural bilateral meeting on January 9, 2024, in Montreal, Canada. The Boards provided updates on their respective activities and discussed agenda items such as issues related to the implementation of IFRS Sustainability Disclosure Standards (ISSB Standards). Read the press release, available in English.

The Canadian Sustainability Standards Board (CSSB) grows in strength – with the appointment of three new members – and meets with the International Sustainability Standards Board (ISSB) in Montreal on September 14-15, 2023. In addition to fostering its relationship with the international board, the CSSB will discuss its strategy to support the uptake of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate-related Disclosures in Canada.

Read these top 5 frequently asked questions as both a reminder and update in advance of coming decisions related to the IRCSS’ Final Report – decisions that will pave the way forward for standard setting in Canada for years to come.

The CSSB’s newest members have been appointed, including representation from western and eastern provinces and Canada’s resource-based sectors. These appointments make a quorum for the CSSB, putting the Board in decision-making mode and coming on the heels of the release of the International Sustainability Standards Board’s (ISSB) initial standards – IFRS S1 and S2.

The ISSB recently announced its agenda priorities for expanding sustainability standards, with a focus on four research projects. FRAS Canada is seeking feedback from Canadians on these projects before submitting a response letter to the ISSB. The proposed projects include biodiversity, human capital, human rights, and reporting integration. Help shape the future of sustainability standards and share your feedback by August 4, 2023. 

The International Sustainability Standards Board (ISSB) published its Exposure Draft detailing a proposed methodology to amend Sustainability Accounting Standards Board (SASB) standards. The purpose of the amendments is to enhance the international applicability of the standards. FRAS Canada seeks Canadian feedback on the proposed methodology to ensure the ISSB considers Canadian perspectives. Help shape the future of sustainability standards and share your input by July 7, 2023.

The International Sustainability Standards Board (ISSB) has just released its Exposure Draft, Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates. Read the Exposure Draft for more details.

The International Sustainability Standards Board (ISSB) has released its request for information on their Consultation on Agenda Priorities. They aim to broaden sustainability standards for investors and financial markets beyond climate. Read the Agenda Priorities for more details.

The CSSB will be led by standard-setting veteran Charles-Antoine St-Jean, FCPA, FCA, with initial member appointments bringing expertise in sustainability matters and representing a cross-section of Canada’s market – both geographically and professionally. These appointments set the stage for an operational board, which will support the adoption of sustainability disclosure standards in Canada.

The Independent Review Committee on Standard Setting in Canada issued its final recommendations report. The recommendations aim to ensure Canadian accounting and auditing – and now sustainability reporting and assurance – standard setting continues to be independent and internationally recognized. A summary feedback statement will soon be issued, outlining the feedback the committee received during its consultation process.