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 closes 30 October 2024
How to provide feedback
We are mindful of the relatively short consultation timeframe and want to ensure providing feedback as easy as possible.
Feedback can be provided by:
- Responding to this short survey
- Using the form below
- Emailing climate@xrb.govt.nz
- Commenting on LinkedIn
We are also hosting daily virtual 'drop in' sessions during the second week of the consultation. As well as providing an overview of the consultation, the sessions will feature an online poll covering key questions from the consultation. Register here to attend.
We intend on publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 2020 also applies.