Proposed amendments to GHG emissions disclosures in NZ CS
The Sustainability Reporting Board (SRB) met on 25 February 2026. Public papers are available on the XRB website.
The SRB discussed whether to propose making targeted amendments to NZ CS 1 Climate-related Disclosures to align scope 3 GHG emissions disclosure requirements with the recent amendments issued by both the International Sustainability Standards Board (ISSB) and Australian Accounting Standard Board (AASB). Those amendments permit an entity to limit what it includes in its measure of scope 3 category 15 (Investments) GHG emissions to only its ‘financed emissions’.
The SRB made the following decisions to achieve greater international alignment:
to propose making the amendments by adding mandatory application material to NZ CS 1, including incorporating content from the existing staff guidance Excluding GHG emissions sources — Considerations for preparers in the mandatory application material;
to issue the proposed amendments for consultation by 30 June 2026, for a one-month consultation period.
The SRB will consider an exposure draft of the amending standard for approval at its meeting on 14 April 2026.
Attending an SRB meeting
The SRB welcomes the public to observe its meetings. To register, select the Board meeting you wish to attend and complete and submit the registration form. Public agendas and papers will be published on the SRB’s meeting page approximately a week in advance of the meeting.
