We are working to develop the disclosures in an iterative and collaborative way and so engagement with a wide range of stakeholders is important.
Consultation and Engagement
Strategy and Metrics and Targets Consultation
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This consultation is now closed. On 16 March 2022 we published our second consultation document, which focuses on the proposed Strategy and Metrics and Targets sections of Aotearoa New Zealand Climate Standard 1: Climate-related Disclosures (NZ CS 1). Once again there was strong engagement from stakeholders, with a large number of responses which you can view here. We are now working towards issuing a formal exposure draft of NZ CS 1 in July 2022. You can find the consultation document and other information on this page. |
Governance & Risk Management Consultation
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On 20 October 2021 we published the the first of our consultation documents on Climate-related Disclosures, and received strong interest and engagement across the board. You can find the original consultation document and other information on this page. |
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We received a total of 67 feedback submissions before the 22 November 2021 close date. The submissions will be used to inform the development of the broader climate-related disclosures framework.You can view a summary of the feedback here. |
What we’ve heard so far
Several key questions are emerging as part of these and other engagements, including:
- What data and which scenarios will organisations be required to, or could, use to make their disclosures? What about the quality of that data, whether it will be freely available, and how reporting against that data would be assured so that it could be confidently relied upon?
- How will the climate-related disclosure standard relate to other reporting on broader environment, social and governance (ESG) matters, as well as reporting requirements in other sectors and from other agencies such as the Reserve Bank of New Zealand, or local and international stock exchange listing requirements?
We are working our way through answers to these and other questions. This input is a critical part of our work to develop the disclosure standards and we encourage stakeholders to continue to ask questions and provide insights to inform our work.
On 20 October we launched the Governance and Risk consultation document, which garnered many questions for the panelists that included Minister for Climate Change James Shaw and Minister for Commerce and Consumer Affairs David Clark.
Questions and answers can be viewed here.
Get in touch
Contact the project team at climate@xrb.govt.nz or call +64 4 550 2030 to speak with a member of the team.
You can also follow us on LinkedIn to stay up to date with our latest news and information.