Proposed 2025 Amendments to Climate and Assurance Standards
About this consultation
We were seeking views about our proposal to extend the adoption provisions relating to the reporting and assurance of scope 3 greenhouse gas emissions and the adoption provision for the reporting of anticipated financial impacts by two further reporting periods.
These requirements are important, and we acknowledge the efforts being made by reporting entities and assurance practitioners.
Sometimes, it is only when implementation efforts are undertaken that the nature and extent of any challenges become apparent. We were consulting based on feedback from CREs and assurance practitioners that providing further time would provide benefits that outweigh current costs and uncertainty.
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.
Find links to the event slides and the recording of our webinar about the consultation here.
We were seeking submissions through an online form given the short duration of the consultation period. All submissions will be published on the XRB website unless confidentiality is requested.
The consultation period was three weeks because of the targeted nature of the consultation and because we wanted to communicate any decisions based on the feedback received as soon as possible as any amendments to the relevant standards would need to apply for reporting periods commencing on or after 1 January 2025. We are intending to make and communicate our decisions on any amendments to the standards in October 2025.
The Consultation closed on 24 September 2025.
Read the submissions here.