What an International Sustainability Standards Board means for Canada
Nov 09, 2021
The need for a Canadian Sustainability Standards Board is clearer than ever, says Edward J. Waitzer, Chair of the Independent Review Committee on Standard Setting in Canada.
The Independent Review Committee on Standard Setting in Canada is working to review the governance and structure for existing Canadian accounting, auditing, and assurance standards and to identify what might be needed for the future – specifically sustainability standards.
A Canadian Sustainability Standards Board will also liaise with the new ISSB, ensuring that the Canadian perspective is part of international decision making.
The committee will be issuing a consultation paper in early December 2021 that will outline its thinking on why a Canadian Sustainability Standards Board is important, seeking comment on the design of such a standard-setting body and other key matters it sees as being relevant to existing standard-setting processes.
The paper will be open for public comment until February 28, 2022 and the committee hopes to actively engage with a broad range of stakeholders.
Review the press release.
