Companies get another year's grace on climate reporting measures

The whole point of climate disclosure is to reduce emissions. (Image: NZME)

Thu, 14 Nov 2024

Companies bound by new climate disclosure rules will get a second year’s grace on scope 3 emissions data.The External Reporting Board (XRB) announced on Nov 13 it would delay mandatory reporting in three areas by another year in response to feedback from climate reporting entities (CREs).The decision followed a recent consultation on the proposed changes, which allowed some organisations to vent their frustration with the climate-related disclosure (CRD) regime.Three out of fourThe XRB put forward four proposals for extending such “...

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