The Canadian Sustainability Standards Board (CSSB) is considering adopting globally aligned sustainability disclosure standards to guide the way a company discloses its performance on risks and opportunities related to sustainability and climate change. In this The Globe and Mail op-ed, Barbara Zvan and Barbara Stymiest CM, FCPA argue that weakening the the International Sustainability Standards Board (ISSB) climate and sustainability disclosure standards for Canadian companies would be more of a hindrance than a help.
Just as Canada follows international rules to compete in the Paralympics and Olympics, we must align our corporate climate disclosures to global standards to succeed in the global economy. In our The Globe and Mail op-ed, Barbara Stymiest CM, FCPA and I emphasize that if the Canadian Sustainability Standards Board (CSSB) waters down the International Sustainability Standards Board (ISSB) climate and sustainability disclosure standards, Canada risks falling behind in the race for global investment. With major economies like the EU, UK, Japan, Australia and Brazil already on board with ISSB standards, divergence could mean lost opportunities for Canadian companies and heightened risk perceptions among global investors who expect ISSB disclosures as a standard business practice. Read more here: https://lnkd.in/gaWYwj4x
