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Climate Disclosure Standards Board

CDSB

CDSB's aims are to: -Promote, advance and standardiwe climate change and environment-related disclosure in mainstream report in response to demand and in order to elicit relevant and material information that can be integrated into investor analyses for the enhanced efficiency of capital allocation; -Connect financial and non-financial business reporting through a focus on how climate change affects organizations’ strategy, condition and value creation potential; -Provide conceptual and practical input into deliberations by regulatory agencies contemplating the introduction or development of requitrements on corporate climate change and environment-related disclosure; -Support assurance of climate change and environment-related information through specification in the climate change reporting framework of requirements and criteria that may be used for assurance activities.

Lobbying Activity

Meeting with Thierry Breton (Commissioner) and

8 Nov 2021 · Sustainable Corporate Governance

Meeting with Antoine Colombani (Cabinet of Executive Vice-President Frans Timmermans)

19 Jan 2021 · Non-financial reporting

Meeting with Mairead McGuinness (Commissioner)

2 Dec 2020 · Closing address on report analysing climate and environmental changes by major european companies.

Response to Sustainable corporate governance

7 Oct 2020

CDSB welcomes the commitment of the European Commission to improve the corporate governance framework as part of the European Green Deal and as a complementary action to support the successful implementation of the revision of the Non-Financial Reporting Directive (NFRD). Independently of the shape this initiative will take, we wanted to provide a few comments around what it should aim to achieve, following the publication of the two studies requested by the European Commission on Due diligence requirements through the supply chain and Directors' duties and sustainable corporate governance. In our contribution (attached as a separate document), we emphasized that : - Enhanced reporting will contribute to companies’ ability to integrate sustainability issues into business strategies and decisions - Enhanced governance will help improve due diligence practices and reporting - Directors' duties and the role of boards with respect to environmental and climate risks and opportunities should be strengthened to end the short-term focus of businesses and adjust for timeframes realistic for achieving the European Green Deal
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Response to Revision of Non-Financial Reporting Directive

27 Feb 2020

The Climate Disclosure Standards Board (CDSB) would like to thank the European Commission for the opportunity to provide comments on the Inception Impact Assessment as regards the Revision of the Non-Financial Reporting Directive. it is clear that the current Non-Financial Reporting Directive does not fulfil its intended aims and outcomes and option 1. to continue the current approach is not a viable option. Given the overwhelming evidence on the shortcomings of the current implementation of the Directive, option 3 to revise and strengthen the provisions of the NFRD is the only viable path forward. Our comments in full are provided in the file attached. Please do not hesitate to contact us for further information. With kind regards, Michael Zimonyi Policy & External Affairs Director Climate Disclosure Standards Board
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Response to Climate Law

5 Feb 2020

To whom it may concern, The Climate Disclosure Standards Board (CDSB) welcomes the opportunity to provide feedback on the EU Climate Law roadmap. Please find our comments attached. CDSB works to provide decision-useful environmental information to markets via mainstream corporate reports. Our mission is to create the enabling conditions for material climate change and natural capital information to be integrated into mainstream reporting. As laid out in the Problem definition for this consultation and other communications by the Commission, climate change is a major concern for Europeans and will continue to worsen if unconstrained, and that all sectors shall play their part in achieving climate neutrality. Our comments relate to corporate reporting, which forms the foundation for private sector action, both by providing information to support a transition to more sustainable business practices, as well as by supporting capital allocation to support the transition to a sustainable and resilient economy in Europe and globally. We commend the Commission's efforts to implement the Paris Agreement and keeping global temperatures below a 2°C increase on pre-industrial levels through ambitious efforts cutting across all policies. Our comments in full are provided the Appendix below. Please do not hesitate to contact us for further information.
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Response to EU 2030 Biodiversity Strategy

20 Jan 2020

The Climate Disclosure Standards Board (CDSB) welcomes the opportunity to provide feedback on the EU 2030 biodiversity strategy roadmap. CDSB works to provide decision-useful environmental information to markets via mainstream corporate reports. Our mission is to create the enabling conditions for material climate change and natural capital information to be integrated into mainstream reporting As laid out in the Problem definition for this consultation and other communications by the Commission, biodiversity loss is one of the biggest challenges of our time, which requires collective action from Governments, citizens and the private sector alike. Our comments relate to corporate reporting, which forms the foundation for private sector action, both by providing information to support a transition to more sustainable business practices, as well as by supporting capital allocation to support the transition to a sustainable and resilient economy in Europe and globally. We commend the Commission’s efforts to preserve and restore our ecosystems through ambitious efforts cutting across all policies and would like to offer our expertise to support this work. Our comments in full are provided in the attached file. Please do not hesitate to contact us for further information. With kind regards, Michael
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Response to Fitness check on public reporting by companies

8 Mar 2018

To whom it may concern, The Climate Disclosure Standards Board would like to thank DG FISMA for the opportunity to provide feedback on the fitness check on public reporting by companies. Please find our specific comments attached. Kind regards, Michael Zimonyi Policy & External Affairs Manager Climate Disclosure Standards Board
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