Produce your CSDS report straight from Speeki.
The Canadian Sustainability Disclosure Standards (CSDS) represent a transformative shift in how Canadian companies approach sustainability reporting. On December 18, 2024, the CSSB finalized and issued CSDS 1 and CSDS 2 along with the Criteria for Modification Framework which outlines how the CSSB decides to make changes to IFRS Sustainability Disclosure Standards to reflect Canadian priorities.
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Speeki is here to help you tackle your CSDS reporting and disclosure compliance automatically using the Speeki platform.
CSDS S1 & S2 disclosures can be automated using Speeki. It is as simple as clicking a 'report' button.
Speeki can serve as your complete S1 S2 solution
You can use Speeki to manage your entire ESG, sustainability, governance, diversity. human rights, anti-corruption programmes right within the platform.
Producing disclosure reports according to standards like CSDS is then a simple click of a report button. Everything for CSDS is already set up in the system.
CSDS S1
The core content requirements of CSDS 1 are structured around four fundamental pillars that align with international best practices. Core Content: Encompasses governance, strategy, risk management, and metrics, ensuring that disclosures are complete and faithfully represent the situation.
Governance disclosures under CSDS 1 require companies to detail their board oversight and management processes for sustainability-related risks and opportunities. This includes describing the specific roles and responsibilities of governance bodies, the frequency of sustainability discussions, and the integration of sustainability considerations into strategic decision-making processes. Companies must also disclose their risk management processes and how sustainability factors are incorporated into overall enterprise risk management.
CSDS S2
CSDS 2 focuses specifically on climate-related disclosures, providing detailed guidance for Canadian companies on reporting climate risks, opportunities, and their financial implications. CSDS 2 focuses on climate-specific financial disclosures, mirroring the structure of CSDS 1 but tailored to address climate risks and opportunities. This standard represents a critical component of Canada's approach to climate transparency and corporate accountability.
The structure of CSDS 2 follows the internationally recognized Task Force on Climate-related Financial Disclosures (TCFD) framework, organized around four key pillars. CSDS 2 provides specific guidance for climate-related disclosures, aligning closely with the TCFD recommendations.
Speeki: your comprehensive solution to meet CSRS and more.
While Speeki offers comprehensive support for CSDS S1 and S2, you can use Speeki to report any issues across your ESG and sustainability system. The data in Speeki is easily extracted in multiple formats, according to a standard (like CSDS) or another framework like ISO. The key is to use Speeki to build your data, metrics and document your systems, then that data can be extracted lots of ways.
Produce your CSDS S1 and S2 reports
If you are looking to produce your CSDS reports, you can easily do that from the Speeki platform. All your data is tagged and mapped to the standard precisely.
Produce reports for a customer.
Need answers to a customer questionnaire on your ESG, carbon accounting or sustainability initiatives. Just produce a report using our Ai powered report generator.
Produce data for an RFP or proposal.
Speeki can also prepare words for your RFP responses for customers. It can even answer questionnaires automatically based on your own data in the Speeki platform.
Help with those investor meetings.
Need data for an investor meeting? Just produce the data direct from the Speeki platform.
Speeki offers solutions for your CSDS S1 and S2 reporting. Learn a little more from our FAQ's on Canadian disclosure requirements and where Speeki can help.
Speeki will help you streamline your reporting process with CSDS S1 and S2, supporting the entire reporting process with powerful features like GHG accounting and reporting to ensure compliance across multiple sustainability standards including CSDS.
CSDS S1 sets out general requirements for sustainability-related disclosures, while CSDS S2 specifically addresses climate-related disclosures. Both standards aim to provide investors with consistent, comparable, and reliable information about a company’s sustainability performance. Both are easily managed within the Speeki platform.
The CSDS S1 and S2 standards enhance investor confidence by providing transparent and comparable sustainability information. They also help companies manage sustainability risks and opportunities effectively. Using the Speeki platform automates much of your sustainability management.
CSDS S1 references the SASB Standards (IFRS S1 and S2) for industry-specific disclosures, allowing companies to leverage existing frameworks. Speeki takes a 'programme' approach to sustainability and sustainability topics. That means that you can build any of your programmes in the platform and then report out in many different ways according to many different standards.
CSDS S2 is aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, providing a clear pathway for companies to disclose climate-related information. Speeki can handle both and report in any format, so if you are familiar with TCFD and moving to CSDS S1 and S2, then Speeki is your ideal provider.
CSDS S1 requires companies to assess the financial materiality of sustainability-related risks and opportunities, considering both quantitative and qualitative factors.
You can use the Speeki Carbon Lens® module to build both Scope 1, 2, and 3 emissions according to the GHG protocol.
Failing to use an automation platform like Speeki or choosing one that is ONLY focused on reporting. Speeki is a broader Sustainability Management System and allows you to build programmes across 20 different sustainability topics.
At Speeki, we recognise that sustainability reporting is more than a compliance requirement; it's an ongoing journey. Join us and experience the Speeki difference.
Produce your sustainability reports following CSDS S1 and S2 with Speeki.
