RFI on international alignment of climate reporting

The External Reporting Board (XRB) has released a request for information (RFI) about the value of international alignment of climate reporting to climate reporting entities (CREs) and primary users. We want to understand exactly what type of international alignment is most desirable and why.

This is the first of two RFIs the XRB expects to issue on climate-related disclosures in 2025.

Our second RFI will seek information about the potential need for reduced disclosures for smaller CREs and differential reporting for specific classes of CREs. That RFI will be published after the Government has announced its decisions on reporting thresholds (consulted on by MBIE in December 2024).

This RFI closes on 13 June 2025.

Access the document and register for upcoming events:

• Read the RFI document here.

• A webinar about the RFI on climate reporting on Friday 9 May, 12-1pm. Register here.

• A feedback session on the RFI on climate reporting, Thursday 22 May 3-4pm. Register here.

• A feedback session on the RFI on climate reporting, Thursday 5 June 10-11am. Register here.

Interoperability tool for NZ CS and AASB S2 published

XRB staff have published an interoperability overview and tool for the Aotearoa New Zealand Climate Standards (NZ CS) and the Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures. This responds to preparer requests for support in understanding the trans-Tasman interoperability of climate reporting and aims to reduce the reporting burden for entities working across Australasia.

The overview and tool describe the alignment of disclosure requirements and information that an entity starting with each set of standards needs to know to enable compliance with both sets of standards, ensuring interoperability between them.