Canadian companies need to increase disclosure to meet ISSB standards, research shows ...Middle East

Canadian companies will need to boost their climate-related disclosures if they are to meet the requirements of the International Sustainability Standards Board (ISSB), according to new research by Millani, an ESG consultant. In June, the ISSB issued its first two standards – IFRS S1 and IFRS S2 – which cover general sustainability information and climate-related disclosures, respectively. Canada is expected to incorporate these standards into its domestic reporting rules. The study, which covers 227 members of the S&P/TSX Composite Index, finds that ‘86 percent conducted materiality assessments to identify sustainability-related risks and opportunities, yet only 34 percent of them disclos

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