New Zealand’s Mandatory ESG Disclosures

Starting 1st April 2023, many large New Zealand organisations will be required to publish climate-related disclosures (CRD) in line with XRB reporting standards. With ESG regulations expected to continue tightening, organisations and their directors are facing the same level of responsibility to understand and disclose material like they have historically done for financial information. Responsible directors who contravene the CRD regime could face significant civil and criminal liability, with fines up to NZ $1M and prison time of up to 5 years.

In addition, the upcoming requirement for independent assurance leaves no room for misstep, tasking organisations to report and reduce Greenhouse Gas emissions (GHG) in line with standards. Companies need to act now to ensure the integrity and accuracy of their GHG discloses. New Zealand's public sector organisations have also been directed to comply with the Carbon Neutral Government Programme


Discover how Diligent's expert ESG team and tools can help your organisation understand the latest CRD requirements by requesting a demo.

Fill out the form on the right to download the asset on How To Prepare for Mandatory Disclosures. 

Download: How to prepare for mandatory disclosures

See how these 6 foundational components can help your organisation prepare for the climate-related disclosures (CRD) in line with XRB reporting standards

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