CDSB welcomes the recent announcement from IOSCO emphasising the “urgent need for globally consistent, comparable, and reliable sustainability disclosure standards.” CDSB has recognised the pressing demand for a globally consistent set of standards since our formation back in 2007 and we are delighted that IOSCO has set out a pathway which will take us one step closer to the creation of a Sustainability Standards Board under the IASB. That this endeavour will build on the existing efforts of the standard setters is essential and allows for a clear continuation of the significant work already done in this space.

Mardi Mcbrien, Managing Director at CDSB, commented:

“The pressing need for global standardisation is no surprise, what we need is a clear plan of action to achieve it, and I am delighted to see IOSCO provide a pathway. While there will always be room for geographical nuances, a consistent and comparable global set of standards will provide investors with clear guidance on how they can allocate capital for a sustainable future, and businesses the tools they need to properly assess climate-related risk.”