The Canadian Sustainability Standards Board’s decision to adopt the International Sustainability Standards means that companies will likely need to do a full range of disclosures, including tallying all of their emissions. The CSSB had the option of scaling back the international rules, but did not, said chair Charles-Antoine St-Jean. Both for the international and Canadian standards, companies have “transition relief” to ease into the disclosures, eventually arriving at the full standard. The Canadian standards give companies an extra year of transition, meaning the full rules won’t be in place until 2027. And a robust response is expected: When the international standards board released its request for feedback in 2022, 10 per cent of the 735 responses came from Canada.

Source: International New York Times March 14, 2024 20:45 UTC