The Digital Governance Standards Institute (DGSI) has opened a 90-day systematic maintenance review of DGSI TS 122: Technical Specification for Impact Statements for Profit-Oriented Entities, inviting input from stakeholders to refine and strengthen Canada’s approach to non-financial and impact-based reporting.
Published in 2023, TS 122 outlines clear and consistent guidance for organizations preparing public-facing impact statements. It was created to support greater transparency, comparability, and integrity in how companies measure and report the social and environmental consequences of their operations.
DGSI is now seeking feedback from the business community, investors, auditors, policymakers, and sustainability professionals to ensure the specification remains relevant and effective in a rapidly evolving reporting environment.
About the Technical Specification
DGSI TS 122 offers a practical framework for preparing high-quality impact statements that go beyond surface-level sustainability claims. It supports:
- Disclosures grounded in double materiality, reflecting both financial and impact considerations
- Transparent reporting of positive and negative impacts across an entity’s full value chain
- Structured engagement with stakeholders, including Indigenous communities where applicable
- Alignment with key international frameworks including SDG Impact Standards, UNDRIP, GRI, and the ISSB
- Evidence-based measurement and documentation of material outcomes, impact risks, and mitigation strategies
The specification is designed for profit-oriented entities but may be adapted by public sector business entities and others seeking to demonstrate credible social and environmental accountability.
DGSI encourages all interested parties to participate and help shape the next evolution of impact transparency in Canada.
Submit your Feedback
The 90-day review is open until December 1st 2025. Provide your feedback at DGSI/TS 122
For more information on DGSI’s technical committees and standards development process, visit: https://dgc-cgn.org/standards
Get involved
The DGSI’s development process is collaborative and open to all, and anyone interested in contributing to the development of digital governance standards is encouraged to get involved. For more information on how to participate, contact:
Darryl Kingston
Executive Director
Digital Governance Standards Institute
darryl.kingston@dgc-cgn.org
For further details or media inquiries, please contact:
Shyra Wells
Communications and Knowledge Mobilization Lead
Digital Governance Council
shyra.craig@dgc-cgn.org
About the Digital Governance Standards Institute
The Digital Governance Standards Institute develops digital technology governance standards fit for global use. The Institute works with experts, as well as national and global partners and the public to develop national standards that reduce risk to Canadians and Canadian organizations adopting and using innovative digital technologies in today’s digital economy. The Institute is an independent division of the Digital Governance Council. To learn more about the organization and its initiatives, visit www.dgc-cgn.org or contact info@dgc-cgn.org.