First cut at climate disclosure focuses on directors' comfort zones

Directors will be entering into new territory with new climate change disclosure regulations. (Image: Deposit Photos)

Wed, 20 Oct 2021

Directors of major companies will not have to disclose their competency in dealing with climate-related issues, but they will have to show they accessed expertise in the area under proposed new climate-related disclosure standards.Directors will also have to disclose how climate targets are included as part of wider performance measurements in remuneration calculations.The External Reporting Board (XRB) has begun consultation on the first part of the government’s proposed climate-related disclosure standards. This comes as the law setting...

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