Climate Reporting Compliance for Canadian Organisations
Get ahead of CSSB standards and OSFI climate risk requirements
15+
Markets
1,000+
Integrations
CSIRO
Backed AI
$473B+
Data Analysed
Regulatory requirements
Canadian Sustainability Disclosure Standards (CSDS)
Canada's sustainability disclosure framework is being developed by the Canadian Sustainability Standards Board (CSSB), which has issued CSDS 1 (General Requirements) and CSDS 2 (Climate-related Disclosures) aligned with ISSB standards. While currently voluntary, the Canadian Securities Administrators (CSA) are considering making them mandatory for publicly listed companies.
Who must report
Voluntary adoption by all Canadian entities from 1 January 2025. The CSA is evaluating mandatory adoption for publicly listed companies. OSFI Guideline B-15 already requires federally regulated financial institutions to make climate risk disclosures.
Penalties
Not yet specified for CSDS compliance. OSFI-regulated institutions face supervisory actions for non-compliance with Guideline B-15. Securities commissions can enforce existing disclosure obligations.
Frameworks
Key compliance deadlines
CSSB established
The Canadian Sustainability Standards Board was formally established to develop Canadian-specific sustainability disclosure standards aligned with ISSB.
CSDS exposure drafts published
CSSB published exposure drafts of CSDS 1 and CSDS 2 for public consultation, incorporating Canadian-specific considerations.
Voluntary adoption begins
CSDS 1 and CSDS 2 became available for voluntary adoption for annual reporting periods beginning on or after 1 January 2025.
OSFI Guideline B-15 full implementation
Federally regulated financial institutions must fully comply with OSFI Guideline B-15 climate risk management requirements.
Mandatory adoption under consideration
The CSA is expected to finalise its approach to mandatory CSDS adoption for publicly listed companies.
How Avarni helps you comply
Enterprise-grade carbon accounting software designed for complex organisations and strict regulatory requirements.
Scope 1, 2 & 3 Emissions
Comprehensive emissions calculation across your entire value chain, with AI-driven factor selection.
Framework Reporting
Generate reports aligned to TCFD, ISSB, CSRD, ESRS, and local regulatory frameworks.
Audit-Ready Outputs
Produce assurance-grade reports that satisfy auditor requirements and regulatory scrutiny.
1,000+ Integrations
Connect with your existing ERP, accounting, and procurement systems including Oracle, SAP, and Workday.
AI-Powered Analysis
CSIRO-backed AI engine automatically categorises and calculates emissions from complex datasets.
Real-Time Dashboard
Track your progress with live emissions data, compliance status, and supplier mapping.
Our Canada presence
Office Address
200 Bay Street, Suite 2400, Toronto, ON M5J 2J2
Phone
+1 (416) 368-2100
Our Canada Team
Our Canadian team works closely with organisations preparing for CSSB standards and OSFI requirements, bringing expertise in both voluntary and mandatory climate reporting frameworks.
“As a federally regulated bank, we needed to meet OSFI B-15 while also positioning for the CSSB standards. Avarni gave us a unified approach that avoids duplicate effort.”
David Chen
Managing Director, Climate Risk, Northern Shield Financial Group
Get compliant before January 2025
Don't wait until the last minute. Start your Canada compliance journey today.
Or call us to speak with a Canada compliance specialist