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.

Comply or explain: A review of FTSE 350 companies’ environmental reporting in annual reports

CDSB has comprehensively reviewed the annual reports of the FTSE 350 listed companies in the report.

This review discusses the disclosure of environmental information in the annual reports of FTSE 350 companies following the implementation of mandatory greenhouse gas reporting in the UK (updates to the Companies Act 2006).

Comply or explain focuses on comparative sector analysis and uses illustrative examples to provide evidence of current practice following the policy revision. The report proposes steps that could be taken by regulators to enhance the enabling environment for disclosure. It was reviewed by Oxford University’s Saïd Business School, and by members of CDSB’s Technical Working Group.

Read the report here.