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 | This article contains promotional content. (August 2023) |
 Logo of the Climate Disclosure Standards Board | |
| Abbreviation | CDSB |
|---|---|
| Formation | 2007 |
| Type | Not for profit organization, Charity |
| Legal status | Managed as a Special Project of CDP Worldwide, a registered UK Charity |
| Headquarters | London |
Region served | Global |
Membership | World Economic Forum Ceres, INCR |
Chairman | Richard Samans |
Founder | Lois Guthrie |
Managing Director | Mardi McBrien |
Chairman, Technical Working Group | Lois Guthrie |
| Website | www.cdsb.net |
The Climate Disclosure Standards Board (CDSB) is a non-profit organization working to provide material information for investors and financial markets through the integration of climate change-related information into mainstream financial reporting. CDSB operates on the premise that investors and financial institutions can make better and informed decisions if companies are open, transparent and analyse the risks and opportunities associated with climate change-related information. To this end, CDSB acts as a forum for collaboration on how existing standards and practices can be used to link financial and climate change-related information using its Framework for reporting environmental information, natural capital and associated business impacts.[1]
The Framework is a standards-ready tool for companies to disclose climate change-related information in mainstream financial reports. Updated in April 2018, the Framework for reporting environmental information, natural capital and associated business impacts adopts and relies on relevant provisions of existing standards and practices, including the TCFD recommendations[2] and International Financial Reporting Standards[3] as well as reflecting regulatory and voluntary reporting and carbon trading rules. The distinctiveness of the Framework is that it references standards instead of creating a new one. The Framework also adopts relevant principles and objectives of financial reporting to complement mainstream financial reporting models.
In November 2021, the IFRS Foundation announced it would consolidate the CDSB with its newly formed International Sustainability Standards Board by June 2022, together with the London-based Value Reporting Foundation.[4]
- ^ "CDSB Framework". cdsb.net. 2018-06-20. Retrieved 2018-06-20.
- ^ Task Force on Climate-related Financial Disclosures
- ^ "About the IFRS Foundation and the IASB". Ifrs.org. 2010-10-07. Archived from the original on 2012-11-03. Retrieved 2012-11-05.
- ^ "IFRS Foundation announces International Sustainability Standards Board, consolidation with CDSB and VRF, and publication of prototype disclosure requirements". ifrs.org. 3 November 2021.