NZ-CSEffective. A bill to narrow the scope (Financial Markets Conduct Amendment Bill) and an XRB proposal to move to NZ IFRS S2 are pending.

Aotearoa New Zealand Climate Standards (NZ CS 1, 2, 3)

New Zealand · External Reporting Board (XRB)

New Zealand's mandatory climate-related disclosure regime was introduced into the Financial Markets Conduct Act 2013 by a 2021 amendment. CREs report under the XRB's TCFD-based standards NZ CS 1, 2 and 3, and assurance of GHG disclosures follows NZ SAE 1. The XRB has proposed replacing these with an ISSB-based NZ IFRS S2.

Category: Mandatory climate-related disclosure
Enforcement: Mandatory
Effective date: Reporting periods beginning on or after 1 January 2023
Covered entities: Climate reporting entities (CREs) under the Financial Markets Conduct Act 2013: large listed issuers (currently equity issuers above NZD 60 million market capitalization and debt issuers above NZD 60 million quoted face value), banks, building societies, insurers and investment scheme managers above set thresholds. The Financial Markets Conduct Amendment Bill proposes raising the listed-issuer threshold to NZD 1 billion for equity and debt issuers and removing managed investment schemes.
Notes: NZ CS 2 was amended in November 2024 and November 2025. The 2025 amendment adds two more years of adoption provisions for anticipated financial impacts, scope 3 GHG emissions (with comparatives and trends) and scope 3 assurance, with a matching NZ SAE 1 amendment. Proposed NZ CS 1 amendments align scope 3 Category 15 with IFRS S2 (financed emissions only). Emissions from derivatives, insurance and underwriting, and capital market issuance activities could be excluded. Consultation closed 29 July 2026 and issue is planned for Q4 2026. The draft climate reporting roadmap (June 2026, comments close 30 September 2026) proposes issuing NZ IFRS S2 on 31 August 2027. It would be open to early adoption for periods beginning on or after 1 October 2026 and mandatory for periods beginning on or after 1 January 2033, with the assurance requirement unchanged. The XRB also issued ISSA (NZ) 5000 and a revised PES 1 in 2026. The Financial Markets Conduct Amendment Bill was before Parliament in June 2026. Confirm Royal Assent and commencement before relying on the new thresholds.

Sources

https://www.xrb.govt.nz/standards/climate-related-disclosures/ ↗
Primary regulator or official text

Verified 2026-09-23Something wrong here? Report it

Related regulations

NZ-EPR

Waste Minimisation Act 2008 (Public Act 2008 No 89), Sections 9 and 22; Priority Product declarations gazetted 2020

New Zealand · Ministry for the Environment (Manatū Mō Te Taiao)

In force. A regulated scheme has run for tyres since 1 March 2024. Regulations for agrichemicals and farm plastics were approved in December 2025. The status of the other priority product schemes is not confirmed.

New Zealand's Waste Minimisation Act lets the Minister for the Environment declare priority products that must be managed under accredited stewardship schemes. Six were declared in 2020. The tyre scheme, Tyrewise, has run since March 2024 with a stewardship fee on new tyres. The Government approved regulations for an agrichemicals and farm plastics scheme in December 2025.

Enforcement: Mandatory once schemes are accredited; voluntary accreditation otherwise
Effective date: Waste Minimisation Act 2008 in force from 26 September 2008; six priority products declared 30 July 2020; tyre scheme (Tyrewise) launched 1 March 2024
Covered entities: Producers and importers of six declared priority products: plastic packaging including beverage packaging, tyres, e-waste, refrigerants and other synthetic greenhouse gases, agrichemicals and their containers, and farm plastics

Primary source ↗Verified 2026-09-23

Singapore-CRD

Singapore Climate Reporting and Assurance Roadmap (SGX listed + ACRA large non-listed)

Singapore · Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange (SGX)

Effective (phased)

Singapore requires SGX-listed issuers to make climate disclosures based on IFRS S2 and the climate-related parts of IFRS S1, phased from FY2025: Scope 1 and 2 emissions for all issuers and full climate reporting for STI constituents first, with Scope 3 for STI constituents from FY2026. SGX RegCo and ACRA extended most timelines on 25 August 2025. On 27 July 2026 ACRA's Interim Sustainability Standards Committee opened consultation on draft SFRS S1 and SFRS S2, proposing that only SFRS S2 be mandatory.

Enforcement: Mandatory
Effective date: Listed issuers, FY starting on or after: 1 January 2025 – Scope 1 and 2 GHG emissions for all listed issuers, plus other ISSB-based climate disclosures for STI constituents; 1 January 2026 – Scope 3 for STI constituents; 1 January 2028 – other ISSB-based climate disclosures for non-STI issuers with market cap of S$1 billion or more (as at 30 June 2025); 1 January 2030 – other ISSB-based climate disclosures for non-STI issuers below S$1 billion. Large non-listed companies: ISSB-based climate disclosures including Scope 1 and 2 from FY2030. External limited assurance on Scope 1 and 2: listed issuers from FY2029, large non-listed companies from FY2032.
Covered entities: All SGX-listed issuers, phased by STI membership and market capitalization. Large non-listed companies with annual revenue of at least S$1 billion and total assets of at least S$500 million (from FY2030, to be set in legislation). Scope 3 stays voluntary for non-STI issuers and large non-listed companies until further notice.

Primary source ↗IFRS Foundation profile ↗Verified 2026-09-23