The International Financial Reporting Standards Foundation (IFRS) and its International Sustainability Standards Board (ISSB) provided the opportunity to comment on the proposed IFRS S2 Climate-related Disclosures (IFRS S2).

The Canada Climate Law Initiative (CCLI) supports the overall framework of the exposure draft being aligned with the Financial Stability Board’s (FSB) Taskforce on Climate-related Financial Disclosures (TCFD) and supports the merger with other standards to move to a consistent set of international standards.

We have organized our submission to answer the questions specifically posed in the Exposure Draft and offer a number of suggestions, but overall, we have eight key recommendations which are outlined in our submission.