New guides on climate disclosures released

Guides aim to help people understand the new CRD regime

New guides on climate disclosures released

The Financial Markets Authority (FMA) and the External Reporting Board (XRB) have jointly produced a set of guides to help people understand the new climate-related disclosures (CRD) regime and the information being provided in climate statements, which are now starting to be published.

New guides on the CRD regime

The first guide, titled “What You Need to Know”, provides an overview of the CRD regime. This guide is aimed at primary users, such as existing and potential investors, lenders, and other creditors, as well as journalists and other intermediaries who use or communicate climate-related information.

“Navigating Climate Statements” is the second guide, offering a more detailed explanation of the information disclosed in climate statements. Given that climate statements are a new type of disclosure, this guide emphasises the importance of topics such as uncertainty, comparability, and context when evaluating and judging the information they contain.

See LinkedIn post here.

Purpose and legislative requirements

The guides cover several key aspects, including the purpose of disclosing climate-related information, key legislative requirements, considerations and context about the information in climate statements, and the roles of the FMA, XRB, and relevant government agencies.

Access the guides, "Climate-related Disclosures Regime: What You Need to Know" and "Navigating Climate Statements".

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