XRB Comparison Document: Climate Standards and IFRS Sustainability Disclosure Standards

As mentioned in our August 2023 article there are differences in the climate reporting standards required in New Zealand and those required  internationally.

To assist entities in understanding the differences between the New Zealand and international climate standards the New Zealand External Reporting Board (XRB) have prepared a comparison of the disclosures requirements in Aotearoa New Zealand Climate Standards (NZ CS) with the International Sustainability Standards Board’s two sustainability disclosure standards— IFRS S2 Climate-related Disclosures and IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information.

The comparison document can be accessed here.

This document will be of use to muti-national groups, as well as those entities that get caught by foreign jurisdiction climate reporting requirements in addition to those here in New Zealand.

For more on the requirements of NZ CS please visit the XRB’s webpage here.

Please also refer to our August 2023 article for more information on sustainability reporting requirements in other jurisdictions.


For more on the above, please contact your local BDO representative.