Adoption of Aotearoa New Zealand Climate Standards
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In recognition that it may take time to develop the capability to produce high-quality climate‑related disclosures, and that some disclosure requirements, by their nature, may require an exemption, this Standard provides a limited number of adoption provisions. |
Amendments
This amending Standard makes changes to NZ CS 2 Adoption of Aotearoa New Zealand Climate Standards. The amendments are to:
- extend the adoption provisions for:
- scope 3 GHG emissions for an additional year (and related extensions to the adoption provisions relating to comparatives for scope 3 GHG emissions and analysis of trends);
- anticipated financial impacts for an additional year; and
establish an adoption provision in relation to accounting periods ending before 31 December 2025 for the assurance of scope 3 GHG emissions disclosures, thus giving an additional year before the assurance over scope 3 GHG emissions disclosures is required. This means that the assurance of scope 3 GHG emission disclosures will apply in relation to accounting periods ending on or after 31 December 2025.