XRBverified 2026-06-14amended
New Zealand XRB Climate-Related Disclosure Standards
- Issued
- 2022-01-01
- Effective
- 2022-04-01
Applies to
Climate Reporting Entities (CREs): listed issuers above market-cap threshold (raised to NZ$1bn in late-2025 amendments), large licensed insurers, registered banks, NBDTs and some investment scheme managers.
Key points
- Aligned with TCFD pillars; pre-dates and influenced ISSB IFRS S2.
- First-mover regime: assurance over Scope 1+2 already mandatory; Scope 3 phased.
- Scope narrowed Dec 2025 to focus on largest CREs.
Practitioner questions
Sources
Related global frameworks
- ISSB S1/S2ISSB
Global baseline of investor-focused sustainability-related (S1) and climate-related (S2) financial disclosures. Consolidates TCFD recommendations.
- TCFD RecommendationsISSB
Voluntary disclosure framework on climate-related financial risks (governance, strategy, risk management, metrics & targets).
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