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The IFRS Foundation, CDP and the Climate Disclosure Standards Board (CDSB) have confirmed that CDSB has been consolidated into the IFRS Foundation.

The IFRS Foundation, CDP and the Climate Disclosure Standards Board (CDSB) have confirmed that CDSB has been consolidated into the IFRS Foundation. This marks the completion of the first part of the commitment made by leading investor-focused sustainability disclosure organisations CDSB and the Value Reporting Foundation (VRF) to consolidate into the IFRS Foundation by June 2022 to provide staff and resources to the new International Sustainability Standards Board (ISSB).

As part of this consolidation, CDSB staff are transferring to the IFRS Foundation, along with core intellectual property, and technical assets to support the work of the ISSB also being transferred.

This consolidation confirms the closure of the CDSB and as it will be fully integrated into the ISSB, no further technical work or content will be produced. By joint agreement, CDSB’s resources remain accessible via its legacy website, which will be preserved until further notice. CDSB’s Framework and recent technical guidance on Water, Biodiversity and Social disclosures, as well as wider resources, will remain relevant and applicable for companies until such time as the ISSB publishes its IFRS Sustainability Disclosure Standards.

CDP and the IFRS Foundation are working together to consider future arrangements that are of mutual benefit to both organisations, including exploring how we can collaborate to drive adoption of the ISSB Standards. For more, see the IFRS Foundation website.