Proposed 2024 Amendments to Climate and Assurance Standards
About this consultation
Significant effort has been applied by climate reporting entities (CREs) and their advisors to ensure the success of the climate-related disclosure regime. Early evidence is that disclosure can improve business decision making and inform capital allocation.
However, the XRB has heard from several sources that CREs are facing challenges with obtaining reliable data, high costs, and how to disclose in the absence of comprehensive guidance on certain topics. There are also concerns about obtaining assurance over scope 3 greenhouse gas emissions disclosures because of difficulties in obtaining sufficient reliable data from up and downstream entities.
In response, the XRB is proposing providing relief by amending:
- NZ CS 2 Adoption of Aotearoa New Zealand Climate Standards
- NZ SAE 1 Assurance Engagements over Greenhouse Gas Emissions Disclosures
Read the Consultation Document here.
The Consultation closed on 30 October 2024