On 31st January 2022, the Climate Disclosure Standards Board (CDSB) was consolidated into the IFRS Foundation to support the work of the newly established International Sustainability Standards Board (ISSB). While this site and its resources remain relevant for preparers looking to improve sustainability disclosure until such time as the ISSB issues its IFRS Sustainability Disclosure Standards on such topics, no further work or guidance will be produced or published by CDSB. For further information please visit the IFRS website.

Financial Institutions and Climate Change

The report "Financial Institutions: Taking Greenhouse Gas Emmissions into Account" was commissioned and funded by the UK Department of the Environment, Food and Rural Affairs (DEFRA).

The report is part of DEFRA's research into the contribution that greenhouse gas reporting makes to the UK achieving its climate change objectives.

The report presents the results of an investigation into how financial institutions take account of environmental considerations in making investment decisions. Although the investigation did not find any evidence of environmental data being used for portfolio allocation decisions, the level of investor interest in environmental data is robust; in addition, the lobbying activities by companies and others for stronger policy measures suggest that a broad scale market movement towards environmental investing is possible. The full report can be read here and the summary can be read here.