Climate-related Disclosures

Governance and Risk Management Consultation Document

Aotearoa New Zealand Climate Standard 1: Climate-related Disclosures (NZ CS 1)

This consultation document focuses on the proposed Governance and Risk Management sections, Aotearoa New Zealand Climate Standard 1: Climate-related Disclosures (NZ CS 1)

 

We are seeking feedback on these sections of the proposed standard to inform their development as we work towards creating the broader climate-related disclosures framework. We are also working on the proposed sections for Strategy, and Metrics and Targets and intend to issue those for consultation in March 2022. 

 

The closing date for submissions on the consultation document is 22 November 2021.

 


Consultation Document

Climate-related Disclosures - Governance and Risk Management Consultation Document (download pdf).

You can also read our At a Glance version. 

NZ CS 1, and any other supporting standards, will be issued by the XRB subject to the final passage of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill (‘the Bill’). The Bill establishes a climate-related disclosure framework for New Zealand and is expected to pass in late 2021. 


Submissions

Submissions on the consultation document can be viewed here


FAQs

We have compiled a set of answers to questions asked at the Climate-related Disclosures launch event. You can read them here. We will be continually updating this document as more questions arise. 


Commenting on the Proposals

Submissions on this consultation document can be provided via any of the avenues below:

  • Use the secure upload form below to send us your submission.
  • Use the online feedback form.
  • Provide comments at any of our consultation events.
  • Comment on our LinkedIn posts.
  • Send us an email or a letter addressed to:

External Reporting Board
PO Box 11250, Manners St Central,
Wellington 6142.

All comments received will be given active consideration. We appreciate detailed comments, whether supportive or critical, as both are essential to a balanced view.  

The consultation document contains several questions provided throughout the document and summarised together in section 11. 


Upload your submission here

Please use this upload form. It has been designed to make your upload safe, quick and easy.

You can upload:

  • MS Word or PDF files
  • up to TWO documents

Please note:

  • We would appreciate receiving a copy of your comments in electronic form (preferably Microsoft Word format).  This helps us to more efficiently collate and analyse comments. If relevant, please also specify the exposure draft number and title in your electronic file. 

  • Tell us on whose behalf you are making the comments (for example on behalf of a group or an entity).

  • We intend publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.

  • If you have an objection to the release of any information contained in your comments, we would appreciate you identifying the parts of your comments to be withheld, and the grounds under the Official Information Act 1982 for doing so (for example, that it would be likely to unfairly prejudice the commercial position of the person providing the information).