History and mission
History
CDSB was convened at the 2007 Annual Meeting of the World Economic Forum in response to increasing calls for action from corporations and financial markets to address global warming and the associated growth of climate risk information collection and reporting methodologies and initiatives.
Download the WEF press release of January 2007 announcing the formation of CDSB. (PDF file 78kb)
Mission
CDSB’s mission is to promote and advance climate change-related disclosure in mainstream reports through the development of a global framework for corporate reporting on climate change. Mainstream reports are the annual reporting packages in which corporations are required to deliver their audited financial results under the corporate, compliance or securities laws of the territory or territories in which they operate.
CDSB is a practical, tangible response to widespread demands for the development of common protocols and standards on climate change reporting across borders. CDSB aims to provide consistent, credible and accurate measurement and reporting mechanisms on climate change for greater market efficiency and as the foundation of individual and collaborative efforts to manage climate change and reduce greenhouse gas emissions.