Climate-related disclosures consultation on governance and risk management
The External Reporting Board and the Centre for Accounting, Governance and Taxation Research invite you to a Business Links Webinar.
Register to attend this event on Zoom.
In September 2020, the Government announced its intention to implement mandatory reporting on climate risks and tasked the XRB with developing disclosure standards to support the new reporting regime. Climate-related disclosures will be mandatory for large listed issuers; large insurers, registered banks, credit unions, building societies, managers of large investment schemes; and, some Crown Financial Institutions.
Subject to parliamentary approval, these entities could be required to make disclosures alongside their year-end reporting from 1 January 2023.
The disclosure standards will be based on the recommendations of the Task Force on Climate-related Financial Disclosures and are being consulted on in three stages – the first focused on Governance and Risk Management will be shared in this briefing.
This session will provide attendees with:
- An outline of the Task Force on Climate-related Financial Disclosures Framework and the objectives of the climate-related disclosures regime;
- An explanation of the proposals in the Governance and Risk Management sections of the new climate standards;
- Key questions the XRB are seeking feedback on; and
- Highlight future topics on the XRB’s climate agenda such as scenario analysis and GHG accounting.
This event will also provide opportunity to ask questions and provide feedback on the proposals.
April Mackenzie, Chief Executive, XRB
April joined the XRB as Chief Executive in December 2019 and is responsible for leading the organisation to achieve its mission and strategic objectives, and oversight of the XRB's operations, people, policies, processes, and governance.
April has extensive experience in external reporting both in NZ and internationally. She was a Board member for four years with the International Valuation Standards Council where she also briefly acted as their Interim Chief Executive. As Global Head of Governance and Public Policy for Grant Thornton International, April was responsible for formulating and representing the network’s positions on key regulatory policy matters.
April is well regarded for her technical expertise and has served as a technical advisor and member of a number of international bodies including the International Public Sector Accounting Standards Board (IPSASB), the International Financial Reporting Standards Advisory Council, the Global Public Policy Committee, and the Joint Ethics Committee of the Consultative Committee of Accounting Bodies in the United Kingdom.
April’s considerable accounting and auditing background also spans a number of organisations and roles including Touche Ross & Co (UK and NZ), NZICA as Divisional Director of Policy the NZ Securities Commission and the NZ Audit Office.
April is a FCA of CA ANZ and holds a M.Com(Hons) from the University of Auckland. In her limited free time, April enjoys being with her family and working on their rural property in Otago.
Dr Amelia Sharman, Director Climate Standards, XRB
Dr Sharman has an extensive background in climate and sustainability policy areas, most recently as Head of Policy at Ara Ake, the entity responsible for accelerating energy innovation to support New Zealand's transition to a low-emissions energy future.
Previously, Dr Sharman worked for the New Zealand Productivity Commission where she developed the Commission’s final recommendation on the climate-related disclosure regime for New Zealand.
Prior to this, Dr Sharman was a consultant to the European Commission while at consulting firm Amec Foster Wheeler (now part of Wood), focusing on climate and energy policy. She also worked for the International Hydropower Association where she contributed to the international implementation of the Hydropower Sustainability Assessment Protocol.
Dr Sharman lives with her husband and two small children in Wellington and in her (limited) spare time enjoys gardening, cycling and beekeeping.