Scenario analysis: Getting started at the sector level
How to develop consistent and comparable sectoral scenarios for Climate-related Disclosures under NZ CS 1.
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Consideration of the impact of material risks is not exclusive to EER.
Entities already need to consider the impact of material risks, which can include climate-related and other emerging risks, in preparing their financial statements in accordance with NZ IFRS or PBE Standards.
The following publications explain how existing requirements in IFRS Standards relate to climate-related and other emerging risks.
These publications may also be helpful to preparers and auditors of financial statements prepared in accordance with PBE Standards.
The IFRS Foundation has published an article entitled: IFRS Standards and Climate-related Disclosures.
The Australian Accounting Standards Board and the Australian Auditing and Assurance Board have jointly published a bulletin titled:
Although the bulletin was developed for preparers and auditors of financial statements prepared in accordance with Australian Accounting Standards, it contains relevant guidance for preparers and auditors of financial statements prepared in accordance with NZ IFRS/IFRSs.
Last updated: Friday, 1 April 2022