XRB publishes guidance on Climate-related matters in financial
Nov 23, 2023
On November 23, 2023, The New Zealand External Reporting Board (XRB) published staff guidance on climate-related matters in financial statements.
The introduction to the guidance notes:
“With the introduction of mandatory climate-related disclosures climate reporting entities will need to help users understand whether, how, and to what extent, climate-related matters are reflected in an entity's financial statements. Financial statements and climate-related disclosures supplement and complement each other and together should present a coherent picture”
The publication analyses the coherence between financial statements and climate-related disclosures in three broad chapters:
- Impact of climate-related matters in financial statements
- Coherence between financial statements and climate-related disclosures
- Differences between financial statements and climate-related disclosures
It also offers an appendix on the coherence principle.
Access the XRB guide here