During the meeting, Lisa French, Vice-President, Sustainability Standards, CPA Canada presented a two-part update on the Canadian Sustainability Standards team’s activities. The first part focused on the International Sustainability Standards Board’s (ISSB) Exposure Drafts and the second part focused on efforts to build the Canadian Sustainability Standards Board (CSSB).

As part of her presentation, Ms. French noted that the ISSB received 735 submissions to the Exposure Draft IFRS S1 (with 75 Canadian responses) and 700 submissions to the Exposure Draft IFRS S2 (with 70 Canadian response). The Canadian responses made up 10 per cent of the global feedback. Responses from industry associations, investors, and preparers made up two-thirds of Canadian respondents. The remaining one-third came from not-for-profit, governments, supporting entities, professional bodies, and academia.

For further details refer to the minutes of the AASOC meeting on September 26, 2022