Help CSSB respond to ISSB’s Exposure Drafts

The Canadian Sustainability Standards Board (CSSB) seeks Canadian input on two Exposure Drafts issued by the International Sustainability Standards Board (ISSB):

• Proposed Amendments to the SASB Standards; and
• Proposed Amendments to the Industry-based Guidance on Implementing IFRS S2.

The proposed amendments aim to enhance the global relevance and usability of the SASB Standards and maintain their alignment with IFRS S1 and S2. The project includes:

• A review of nine priority industries; and
• The alignment of specific metrics across 41 other industries focusing on five disclosure topics.

To maintain consistency with the IFRS Sustainability Disclosure Standards, the ISSB also proposes consequential amendments to the Industry-based Guidance on Implementing IFRS S2.

Industries in focus

SASB Standards subject to proposed amendments include eight standards in the extractives and minerals processing sector and one standard in the food and beverage sector:

• Coal Operations
• Construction Materials
• Iron & Steel Producers
• Metals & Mining
• Oil & Gas – Exploration & Production
• Oil & Gas – Midstream
• Oil & Gas – Refining & Marketing
• Oil & Gas – Services
• Processed Foods

WHAT IS THE CSSB DOING?

The CSSB seeks input from Canadian entities to inform its response to the ISSB. Focused sessions will be offered with two of the nine priority industries:

• Oil & Gas – Exploration & Production; and
• Metals & Mining.

If you are in one of these industries, please email CSSB.CCNID@frascanada.ca to schedule a session.

All other industries can register below to participate in our general roundtable sessions:

• Session 1 (English) - September 10, 2025, 2 p.m. - 3:15 p.m ET. Register here
• Session 2 (English) - September 25, 2025, 11 a.m. - 12:15 p.m ET. Register here

The CSSB will submit its feedback to the ISSB ahead of the November 30, 2025, deadline. For more information, visit our project page.

WHY THIS MATTERS TO YOU?

The SASB Standards are referenced in IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, serving as guidance for identifying and disclosing sustainability-related risks and opportunities.

Given the close alignment between Canadian Sustainability Disclosure Standards (CSDS) 1, General Requirements for Disclosure of Sustainability-related Financial Information, CSDS 2, Climate-related Disclosures, and IFRS S1 and IFRS S2, the proposed amendments will impact Canadian reporting entities.

In addition, the focus industries, such as metals & mining and oil & gas are vital to Canada's economy. Your input ensures that the standards remain relevant and that Canadian perspectives are reflected in the ISSB's final decisions.

ABOUT THE CSSB

The Canadian Sustainability Standards Board (CSSB) became operational in June 2023. It was established with a mission to serve the public interest by setting and maintaining high quality sustainability disclosure standards for Canadian entities and by contributing to the development of international sustainability disclosure standards.

The CSSB works with the International Sustainability Standards Board (ISSB) to support the uptake of ISSB standards in Canada, highlight key issues relevant to the Canadian context, and facilitate interoperability between ISSB standards and Canadian Sustainability Disclosure Standards.

For more details, please contact Omolola Fashesin, Principal Sustainability Standards at ofashesin@frascanada.ca