The Climate Disclosure Standards Board (CDSB) is an international organization that focuses on advancing and promoting the integration of climate-related information into mainstream corporate reporting. The CDSB provides a framework for companies to disclose their climate-related financial information in a clear, consistent, and decision-useful manner.

Key Matters and Considerations in ESG

Here are some key points about the CDSB:

– Mission: The CDSB’s mission is to promote and advance the adoption of climate-related financial disclosure globally. The organization aims to ensure that climate-related information is considered essential for decision-making by investors, companies, and policymakers.

– Standard Setting: The CDSB has developed the Climate Change Reporting Framework, which provides guidance to companies on how to disclose climate-related information in their mainstream financial reports. The framework helps companies identify and disclose climate-related risks, opportunities, and impacts in a consistent and comparable way.

– Climate-related Financial Disclosures: The CDSB’s framework aligns with existing financial reporting frameworks, such as the International Financial Reporting Standards (IFRS) and the Sustainability Accounting Standards Board (SASB) standards. It encourages companies to disclose information on their governance, strategy, risk management, and metrics related to climate change.

– Collaboration and Partnerships: The CDSB collaborates with various stakeholders, including businesses, investors, regulators, and standard-setting bodies, to drive the adoption of climate-related financial disclosure. The organization works closely with other sustainability and reporting initiatives to align reporting requirements and promote harmonization.

– Investor Engagement: The CDSB recognizes the significance of climate-related information for investors in making informed decisions. By advocating for transparent and standardized climate disclosure, the CDSB aims to bridge the information gap between companies and investors, enabling better assessment of climate-related risks and opportunities.

– Global Reach: The CDSB operates globally and engages with organizations and stakeholders from different regions and sectors. Its goal is to create a consistent and widely accepted approach to climate-related financial reporting that can be implemented by companies worldwide.

– Regulatory Influence: The CDSB actively engages with policymakers and regulators to promote the integration of climate-related financial disclosure into regulatory frameworks. By advocating for mandatory reporting requirements and regulatory support, the CDSB aims to drive widespread adoption of climate disclosure practices.

The CDSB plays a crucial role in advancing climate-related financial disclosure, helping companies provide transparent and decision-useful information to investors, regulators, and other stakeholders. By promoting standardized reporting, the CDSB contributes to the development of a more sustainable and resilient global economy.