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.
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.
World Economic Forum
The Climate Registry
International Emissions Trading Association
Investor Network on Climate Risk
World Resources Institute
CDP (formerly the Carbon Disclosure Project)
World Business Council for Sustainable Development