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:

1. Impact of climate-related matters in financial statements
2. Coherence between financial statements and climate-related disclosures
3. Differences between financial statements and climate-related disclosures

It also offers an appendix on the coherence principle.

The guidance follows similar publications by the AASB (2018/2019) and the IASB (2020/2023).

Please click to download Climate-related matters in financial statements on the XRB website.