For an overview of climate-related reporting, see my January 2021 paper. Since that paper was written:
Draft climate-related disclosures legislation has been introduced to Parliament and has been consulted on. Select Committee's report is due on 16 August.
The XRB has published a timeline (below).
CCC releases its advice to Government.
MFE says that climate risk scenario guidance will be released by the end of 2021.
IFRS, backed by IOSCO, is consulting on establishing an International Sustainability Standards Board to set IFRS Sustainability Standards. Standards on climate would be given first priority. Consultation closes 29 July and a decision is anticipated ahead of COP26 in November.
UK's FCA publishes details of their TCFD-aligned reporting requirements.
More key links below
Key linksIf something is missing, or a link is not working, please let me know.
External Reporting Board (XRB) climate-related disclosures (April 2021)
Ministry for the Environment (MfE) mandatory climate-related financial disclosures (April 2021)
Reserve Bank and climate change (March 2021)
Financial Markets Authority (FMA) role in an integrated financial system (December 2020)
Australian Prudential Regulation Authority (APRA) consultation on draft Prudential Practice Guide on Climate Change Financial Risks (April 2021, open for consultation until 31 July 2021)
IOSCO sees strong support for its vision for an International Sustainability Standards Board under the IFRS Foundation (May 2021)
IFRS Sustainability Reporting project (March 2021)
IFRS Exposure Draft: Proposed Targeted Amendments ... to accommodate an International Sustainability Standards Board to set IFRS Sustainability Standards (April 2021, open for consultation until 29 July 2021)
Announcement of IFRS sustainability reporting working group (March 2021)
IOSCO support (March 2021)
TCFD publications including the 2020 Status Report
UK Climate Financial Risk Forum (guides published June 2020)
Toitū Tahua (Centre for Sustainable Finance)
Aotearoa Circle / Chapman Tripp legal opinion: legal duties of NZ trustees to identify and manage climate change related investment risk (July 2021)
Chapman Tripp’s toolkit for directors Managing climate risk in New Zealand in 2020
Aotearoa Circle / Chapman Tripp legal opinion on the extent to which NZ company directors and managed scheme providers are permitted or required to take account of climate-change considerations in their decision making (October 2019)