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Canada
Mandatory from 2027Canadian Sustainability Disclosure Standards
Canada's Sustainability Disclosure Standards (CSDS 1 and CSDS 2) introduce mandatory sustainability and climate-related reporting for companies, aligned with ISSB's global baseline. The standards cover governance, strategy, risk management, and metrics on greenhouse gas emissions and transition planning. Canada's phased implementation prioritises climate disclosures first, enabling integration of climate risk into portfolios ahead of broader sustainability reporting obligations.
Key Requirements
- •Governance, strategy, and risk management disclosures aligned with ISSB S1/S2
- •Transition and physical climate risk disclosures (qualitative and quantitative)
- •GHG emissions reporting (Scopes 1, 2, and 3), with transitional relief for Scope 3
- •Scenario analysis to assess resilience across multiple climate futures
- •Climate-related targets and progress tracking (emissions, energy, financing)
- •Industry-specific metrics, including financed emissions for financial institutions
- •Alignment with global ISSB baseline to ensure interoperability across jurisdictions
- •Phased introduction of broader sustainability disclosures following climate-first rollout
Implementation Timeline
Jan 2025: final standards available for voluntary adoption
FY2027: expected mandatory adoption following CSA rulemaking
Report Timing
Annual, aligned to fiscal year; sustainability disclosures included in the management report.
Compliance Status
Mandatory from 2027Track your progress towards meeting the requirements and deadlines for this regulation.