Resources
Scenario analysis: Getting started at the sector level
How to develop consistent and comparable sectoral scenarios for Climate-related Disclosures under NZ CS 1.
Download the PDF version below.
Director Preparation guide
This guide is intended to provide directors with a quick reference for key things they need to know about Aotearoa
New Zealand's forthcoming Climate-related Disclosures regime.
Read more here, or download the PDF version below.
Director preparation guide
3.7 MB
Scenario analysis fact sheet
The scenario analysis fact sheet clarifies the definition and purpose of scenario analysis for Aotearoa New Zealand Climate Standard 1: Climate-related Disclosures (NZ CS 1).
Read more here, or download the PDF version below.
Scenario Analysis Fact Sheet
1.3 MB
Getting started on measuring your emissions
This document defines scope 1, 2 and 3 emissions sources and details the steps on measuring and disclosing them.
Read more here, or download the PDF version below.
Task Force on Climate-Related Financial Disclosures
The TCFD knowledge hub has a vast array of useful pieces of information:
- Summary of the recent (April 2021) National Climate Risk Assessment (NCCRA) This extensive piece of work identifies risks specific to New Zealand spread across five “domains” – natural environment, human, economy, built environment and governance.
- Prototype Climate-related Financial Disclosure Standard developed by five leading global sustainability and integrated reporting organisations.
- Non-binding guidelines on climate reporting published by the European Commission.
- Voluntary standards developed by the Climate Measurement Standards Initiative (CMSI), an Australian collaboration between insurers, banks, scientists, regulators, reporting standard professionals and service providers.
- Measuring emissions: The Ministry for the Environment’s detailed guide including interactive workbooks, sample reports and inventories.
Integrated Reporting
Consideration of the impact of material risks is not exclusive to EER.
Entities already need to consider the impact of material risks, which can include climate-related and other emerging risks, in preparing their financial statements in accordance with NZ IFRS or PBE Standards.
The following publications explain how existing requirements in IFRS Standards relate to climate-related and other emerging risks.
These publications may also be helpful to preparers and auditors of financial statements prepared in accordance with PBE Standards.
The IFRS Foundation has published an article entitled: IFRS Standards and Climate-related Disclosures.
Other Resources
The Australian Accounting Standards Board and the Australian Auditing and Assurance Board have jointly published a bulletin titled:
Although the bulletin was developed for preparers and auditors of financial statements prepared in accordance with Australian Accounting Standards, it contains relevant guidance for preparers and auditors of financial statements prepared in accordance with NZ IFRS/IFRSs.
Last updated: Friday, 1 April 2022