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CSDS 1 & CSDS 2

Canadian Sustainability Disclosure Standards (CSSB, Dec 2024)

VoluntaryApplies 2025-01-01Verified 2026-08-22

Scope

Voluntary for all Canadian entities; mandatory adoption a provincial/CSA decision (paused)

Penalties

None while voluntary

Last verified

2026-08-22

In plain language

What this law does

ISSB-aligned Canadian standards with extended transition reliefs: climate-only focus permitted initially, Scope 3 and scenario analysis deferred to FY2027.

Formal requirements

What the law requires

Reviewed provisions grouped by practical purpose. Use the official text for the full legal context.

Key dates

  1. NI 51-107 (mandatory Dictionary termClimate disclosureThe practice of companies and financial institutions publicly reporting climate-related risks, opportunities, governance, strategy and emissions — now shifting from voluntary frameworks to mandatory law.Read the full definition rule for reporting issuers)

    CSDS 1 / CSDS 2 (Canadian Sustainability Standards Board, Dec 2024) — CSDS 1 / CSDS 2 (Canadian Sustainability Standards Board, Dec 2024) · instrument-level citation

  2. Canadian reliefs/delays vs IFRS

    CSDS 1 / CSDS 2 (Canadian Sustainability Standards Board, Dec 2024) — CSDS 1 / CSDS 2 (Canadian Sustainability Standards Board, Dec 2024) · instrument-level citation

Dictionary

Key terms for this law

Terms with a retained, published connection to this legal source.

  • CSDS 1CSDS 1 / CSDS 2 (Canadian Sustainability Standards Board, Dec 2024)