XRB Releases 2024 Climate and Assurance Proposals

Climate reporting entities should note that the External Reporting Board (XRB) has approved three proposals relating to amendments to climate and assurance standards:

• A one-year extension to the adoption provision for scope 3 GHG emissions disclosures
• A one-year extension to the adoption provision for anticipated financial impacts disclosures
• A new one-year adoption provision relating to the assurance of scope 3 GHG emissions

The amending standards will be gazetted later in November 2024 and will have an effective date for periods beginning on or after 1 January 2024.

You can read more about these proposals on the XRB’s website.

For more on the above, please contact your local BDO representative.