Sustainability Reporting Board

Role and responsibilities

The Sustainability Reporting Board (SRB) is a committee of the External Reporting Board (XRB). The SRB was established under section 73(1)(c) and clause 14 of Schedule 5 of the Crown Entities Act 2004.

The SRB has delegated authority from the XRB Board to:

prepare and issue climate standards
prepare and issue authoritative notices for the purposes of the definition of the climate-related disclosure framework
issue non-binding guidance on one or more of the matters in section 17(2)(a)(i) to (iv) of the Financial Reporting Act 2013
liaise with international or national organisations that perform corresponding or similar functions to those listed above
perform the duties and exercise the powers imposed or conferred on the XRB under the Financial Reporting Act 2013 and other enactments necessary to carry out the functions listed above.

Meet our Sustainability Reporting Board Members

Becky Lloyd – Chair

Becky Lloyd was formerly Chief Executive of Toitū and now a Non-executive Director with considerable expertise in corporate sustainability. Current governance roles include Connexa Ltd and the Port Otago where she is also the founding Chair of the Port’s Sustainability Committee. Becky also brings significant experience in commercial leadership spanning infrastructure, manufacturing, professional services, telecommunications and finance sectors.

Sustainability Reporting Standards Board Members

Alec is a Partner at KPMG based in Auckland, co-leading the firm’s Climate, Sustainability and ESG proposition as well as its Nature and Biodiversity Initiative.

Alec has a diverse career focussed on addressing the breadth of sustainability challenges and opportunities that are increasingly shaping our communities, society and economy. This has included a range of leaderships positions in academia, business and the public sector, alongside an active involvement in professional institutions, industry associations and networking groups. Alec’s work has ranged from the development of high-level regional strategies on climate change, liveability and wellbeing, incorporating broad stakeholder and community engagement, through to the design of specific delivery programmes and the creation of impact measures to gauge their success.

Alec is a Chartered Environmentalist and is a Member of the Institute of Directors as well as the Institute of Environmental Management and Assessment.

LLB, BA, MInst IoD

Carolyn is a sustainability adviser and purpose led business owner with 15 years’ experience helping businesses govern climate risk and opportunities. Alongside her commercial clients, Carolyn sits on the sustainability advisory panels for Zespri and Pamu and was previously head of sustainability for Fonterra. She has governance experience across privately owned companies, not-for-profits and a Māori-Crown joint venture. In 2023, she co-founded Futureful, a purpose led recruitment platform that showcases companies’ environmental and social commitments.

FCA, CMInstD

Jacqueline (Jackie) is a professional director, finance and sustainability specialist. She has 30 years’ experience in financial audit and advisory services, including 11 years as a partner at Deloitte. She is a member of Queenstown Airport, Pioneer Energy and EcoCentral boards.

As well as being the Deputy Chair of the External Reporting Board (XRB), Jackie is a member of the XRB’s Sustainability Reporting Board. She has a particular interest in sustainability, having chaired the project steering group for the development of the New Zealand Climate Reporting Standards at XRB and led the Sustainability Assurance and Advisory team at Deloitte.

Mat is EY Oceania's Chief Sustainability Officer and a Partner in the Climate Change and Sustainability Services team. He has over 20 years’ experience in providing advisory and assurance services related to ESG and climate change. His experience spans across both the private and public sector and includes sustainability and climate change strategy and governance, climate risk modelling and stress testing, sustainable supply chain and human rights, and non-financial reporting. Mat also has significant experience in the area of environment, health and safety.

Mat is on the Board of the AASB, is the chair of the Australian chapter of the Earthwatch Institute, and was a member of the TCFD. He holds a master’s degree in Environment and a bachelor’s degree in Engineering from the University of Melbourne.