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.

International Integrated Reporting Council

CDSB and the IIRC share a vision of a corporate reporting regime that will deliver the high quality information needed for decision-making in the 21st Century.

Both organizations believe that climate change and the protection of natural capital are core issues for business and that relevant disclosures about both as part of an organization’s mainstream reporting can provide valuable insight into corporate performance. In this regard, the International Integrated Reporting Council (IIRC) welcomes the initiative taken by CDSB to publish a Reporting Framework to guide disclosure of information on natural capital through mainstream reports.

CDSB and the IIRC acknowledge the complementarity of their respective roles, on the basis that reporting corporate dependencies and impacts on natural capital is integral to Integrated Reporting (<IR>), and a key pillar on which <IR> is based. Furthermore, natural capital is likely to have a wider impact on the strategy and business models of business over time, requiring organizations to respond through integrated thinking and more focus on its relevance to long-term value creation.

We also believe that <IR> acts as an ‘umbrella’ for dialogue on corporate reporting. They therefore participate in the Corporate Reporting Dialogue alongside other organizations that issue reporting standards and frameworks with international impact. The organizations involved share a common interest in <IR> and in improving the quality and consistency of global corporate reporting to provide increased certainty for businesses and investors alike.

CDSB and the IIRC are committed to working together bilaterally and with other standard and framework providers to promote coherent and aligned corporate reporting, with the aim of aligning corporate behaviour and capital allocation to the wider goals of financial stability and sustainable development.

Find out more about CDSB's strategic alliances