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Canada Publishes Draft IFRS-Based Reporting Standards on Sustainability

Last week, the Sustainability Standards Board in Canada announced proposed standards for companies to report climate-related and sustainability data. The new standards are based on the International Sustainability Standards Board by the IFRS Foundation.

The introduction of these new standards represents a step toward the establishment of compulsory reporting requirements for companies in Canada. In 2021, prime minister Justin Trudeau instructed cabinet ministers…

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