XRB has released new disclosure guidelines regarding climate change
Saturday, 29 April 2023
The Bill to Amend the Financial Sector (Climate-Related Disclosures and Other Matters) was passed and granted royal assent in October 2021. As a result, the XRB was given the authority to publish guidelines on non-financial issues as well as climate standards as part of a framework for climate-related disclosures.
By creating a framework for climate-related disclosures for Aotearoa New Zealand, the External Reporting Board (XRB) has addressed urgent challenges in climate change, and finally released the final requirements.
Aotearoa New Zealand Climate Standards' main objective is to aid in the capitalization of ventures that promote the transition to a low-emissions, climate-resilient future.
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