#SDGAction11784
Climate Disclosure Standards Board
Description/achievement of initiative

The Climate Disclosure Standards Board is an international consortium of business and environmental NGOs, committed to advancing and aligning the global mainstream corporate reporting model to equate natural capital with financial capital. We do this by offering companies a framework for reporting, but also through consultations and knowledge leadership. We are primarily concerned with ensuring sustainability is an integral part of business reporting practise.

Implementation methodologies

CDSB provides a framework (http://cdsb.net/framework) for companies to report environmental information with the same rigour as financial information. In turn this helps them to provide investors with decision-useful environmental information via the mainstream corporate report, enhancing the efficient allocation of capital. Regulators also benefit from compliance-ready materials.Recognising that information about natural capital and financial capital is equally essential for an understanding of corporate performance, our work builds the trust and transparency needed to foster resilient capital markets. Collectively, we aim to contribute to more sustainable economic, social and environmental systems.

Arrangements for Capacity-Building and Technology Transfer

We work with companies, investors, stock exchanges and Government bodies to build capacity and create the enabling conditions for the efficient allocation of financial capital to create more sustainable economic, social and environmental systems.

Coordination mechanisms/governance structure

Our board (http://cdsb.net/board) is made up of professionals from the World Economic Forum, The Climate Registry, International Emissions Trading Association, Climate Group, Investor Network on Climate Risk, World Resources Institute, CDP and World Business Council for Sustainable Development. The CDSB Technical Working Group (http://cdsb.net/twg) leads the development and implementation of our technical work programme on behalf of the Board.

Partner(s)

World Economic Forum
The Climate Registry
International Emissions Trading Association
Climate Group
Investor Network on Climate Risk
World Resources Institute
CDP (formerly the Carbon Disclosure Project)
World Business Council for Sustainable Development
Progress reports
Goal 6
Goal 7
Goal 8
Goal 9
Goal 12
Goal 13
Goal 15
Goal 17
Ongoing
Companies reporting in their annual reports in line with the CDSB Framework
Ongoing
Stock exchanges providing guidance and reporting requirements for reporting environmental information in annual reports
Ongoing
Regulators mandating environmental reporting in annual reports
Staff / Technical expertise
7 staff

Basic information
Time-frame: 01/2007 - Ongoing
Partners
World Economic Forum
The Climate Registry
International Emissions Trading Association
Climate Group
Investor Network on Climate Risk
World Resources Institute
CDP (formerly the Carbon Disclosure Project)
World Business Council for Sustainable Development
Countries
Contact information
Michael Zimonyi, Senior Project Officer, michael.zimonyi@cdsb.net
United Nations