The New Zealand External Reporting Board (XRB) has proposed extending the transitional reliefs on Scope 3 GHG emissions disclosures and assurance provided in the second New Zealand Climate Standard (NZ CS2).
Under the proposal, companies would be permitted to omit disclosures on indirect GHG emissions in the first four years of reporting. In addition, they would be permitted to exclude their Scope 3 emissions from their assurance engagements until 2027.
The XRB has opened a public consultation on these proposed amendments, which is open until 24 September.
