External Reporting Board
NZBA submits that any future standard and transition approach should balance:
- clarity, certainty and stability in New Zealand’s climate-related disclosure requirements
- minimising unnecessary divergence from international requirements, and in doing so enabling greater consistency with Australian requirements
- avoiding climate reporting entities having to prepare substantially different calculations or disclosures for the same underlying climate-related information
- providing clear implementation and transitional guidance, using existing IFRS S2 guidance and implementation resources wherever appropriate in the New Zealand context.