Submission to XRB on Climate-related disclosures

On 22 November 2021 LCANZI made a submission to the External Reporting Board (XRB) on the Climate-related Disclosures Governance and Risk Management Consultation Document.

The submission is in support of the draft sections on Governance and Risk Management but makes specific recommendations to further improve transparency and stimulate the required shift in investment flows and broader decision-making to address the risks of climate change. LCANZI encourages the XRB to strive further towards its goal of ensuring that this regime is sufficiently ambitious and forward-looking to ensure that organisations take a sufficiently broad view of climate-related risks and opportunities and better evaluate risks and exposures over the short, medium and long term.

The submission was written by LCANZI’s Financial Related Disclosures Sub-committee members; Jenny Cooper QC, Lloyd Kavanagh, Sophie Meares, Georgie Crawford, Michelle Tustin, Teddy Rose and Isabelle Smith.

If you would like to join this sub-committee please email admin@lawyersforclimateaction.nz.