Canadian Sustainability Disclosure Standards (CSDS) Reporting Simplified with CCR

Canada’s new CSDS framework, issued on 18 December 2024, introduces unified standards for sustainability and climate-related financial disclosures through CSDS 1 and CSDS 2, built on IFRS S1 and S2 with Canadian-specific modifications. CCR enables organisations to meet CSDS requirements effortlessly through automation, integrated data, and AI-driven insights, delivering investor-grade sustainability reports with speed and accuracy.

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Understanding the CSDS Framework

The CSDS 1 and CSDS 2 standards provide Canadian companies with a consistent, principles-based system for reporting sustainability and climate information alongside financial results.

CCR’s Intelligence Platform streamlines this process by:

  • Centralising ESG, climate, and governance data.

  • Automating mapping to CSDS 1 and 2 disclosure requirements.

  • Integrating financial and non-financial information for unified reporting.

  • Applying AI analytics to identify risks, track performance, and generate reports.

This enables organisations to deliver reliable, assurance-ready disclosures aligned with both CSSB and ISSB expectations.

Automate CSDS Reporting and Compliance

CCR transforms complex sustainability disclosures into an automated, end-to-end digital workflow.
All required data points, templates, and validation rules for CSDS 1 and 2 are pre-configured within the platform.

CSDS 1 – General Sustainability Disclosures

Covers governance, strategy, risk management, and metrics across all ESG topics.

  • Governance: Board oversight and management responsibilities for sustainability risks.
  • Strategy: Impact of sustainability issues on business models and objectives.
  • Risk Management: Integration of ESG risks into enterprise risk frameworks.
  • Metrics & Targets: Quantitative and qualitative indicators demonstrating progress.

CSDS 2 – Climate-related Disclosures

Focuses on climate-specific risks and opportunities, aligned with the Task Force on Climate-related Financial Disclosures (TCFD).

  • Identification of physical and transition climate risks.
  • Scenario analysis to assess strategic resilience.
  • Disclosure of Scope 1, 2 and 3 GHG emissions.
  • Climate transition planning and reduction targets.

CCR’s AI driven advanced solution automates GHG calculations and produces audit-ready CSDS-aligned climate statements.

CCR – Your Complete Solution for CSDS and Beyond

CCR’s tech suite supports CSDS while remaining flexible for other frameworks like IFRS, ISO, TCFD, and CSRD.
Once your data and systems are established, you can export reports in multiple formats with a single click.

Instant Report Generation

Generate CSDS 1 and 2 reports instantly — all data is digitally tagged, mapped, and validated against CSSB requirements.

Customer & Investor Data Sharing

Quickly produce ESG or emissions summaries for customer questionnaires, due diligence, or investor requests.

AI-Enabled RFP Responses

CCR’s AI Report Generator drafts accurate sustainability narratives, emissions data, and ESG responses directly from your live data.

Assurance-Ready Outputs

Every disclosure is traceable, validated, and ready for assurance or external verification.

With CCR, sustainability reporting becomes effortless, data-driven, and consistently credible.

Understanding CSDS 1 and 2 in Practice

What are CSDS 1 and CSDS 2?

  • CSDS 1: General sustainability disclosures covering governance, strategy, risk management, and metrics.
  • CSDS 2: Climate-specific disclosures requiring detailed climate risk and opportunity reporting.

Both are fully supported within CCR’s solution.

Why are CSDS 1 and 2 important?

  • Build investor confidence through transparent, comparable data.
  • Strengthen strategic governance of climate and ESG issues.
  • Improve efficiency and assurance through automation.
  • Enhance risk management and long-term value creation.
  • Align Canadian companies with global sustainability standards.
  • Facilitate access to sustainable finance and markets.

How does CSDS 1 align with other frameworks?

CSDS 1 references the SASB Standards within IFRS S1 and S2, enabling companies to leverage existing frameworks.
CCR’s programme-based model allows you to map your ESG activities to CSDS, IFRS, TCFD, or ISO requirements from one dataset.

How does CSDS 2 align with TCFD?

CSDS 2 integrates TCFD recommendations directly, maintaining the same four-pillar structure and climate focus.
CCR enables dual TCFD and CSDS reporting with unified data inputs and outputs

How is materiality defined under CSDS?

CSDS 1 follows financial materiality, requiring disclosure of sustainability risks that could influence cash flows, access to finance, or investor decisions.
CCR’s tools assess both quantitative and qualitative impacts, generating dynamic materiality maps.

How does CCR address Scope 3 emissions?

CCR’s platform manages Scope 1–3 emissions under the GHG Protocol, offering:

  • Automated data integration from internal and supply-chain systems.
  • Estimation for hard-to-measure categories.
  • Real-time dashboards for tracking emissions reduction progress.
  • Audit-ready outputs for assurance and disclosure.

What challenges does CCR solve?

  • Fragmented ESG data → Centralised platform integration.
  • Manual reporting → Automated, AI-validated workflows.
  • Scope 3 complexity → Predictive analytics and automation.
  • Framework overlap → Multi-standard report generation.
  • Limited assurance capability → Built-in traceability and audit support.
  • Time pressure → Fast, accurate reporting in one system.

Sustainability Reporting with CCR — Beyond Compliance

At CCR, we believe sustainability reporting is more than compliance — it’s an ongoing journey toward measurable impact and strategic foresight.

The CSDS 1 and 2 standards redefine how Canadian organisations integrate sustainability into financial decision-making.
With CCR’s Intelligence Platform, you can automate that journey — transforming data into insight and reporting into action.

Produce your CSDS 1 and 2 reports confidently with CCR — and lead Canada’s transition to a transparent, sustainable future.