New mandatory climate reporting standards on track for Jan 2024 deadline

New mandatory climate-reporting standards for large financial organisations are expected to be ready by the end of the year, with the rules coming into force from next January. The final consultation round for the Aotearoa New Zealand Climate Standards ends on Sept 26. The standards are being developed by the External Reporting Board (XRB) following last year's enactment of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act.The main purpose of such disclosures is to allow investors to assess those r...