Consultation: Proposed guidance on references to climate statements in disclosure documents

November 2024 

Having assessed the submissions, we can see there is a range of views as to whether or how Product Disclosure Statements should refer to climate reporting obligations. Although there was some support for guidance in this area, we did not see significant uncertainty expressed by reporting entities requiring immediate clarification.   

We note that similar questions are being considered in Australia with the introduction of its mandatory climate reporting regime, and there may be advantages to consistency of approaches in our two jurisdictions. There is also the question of whether this should be addressed directly in the disclosure regulations.   

For these reasons we will not be publishing guidance at this time. If we consider that formal guidance seems appropriate in the future we will consult on that in accordance our usual practice.

The written submissions we received are available here:

Submissions report: Proposed guidance on references to climate statements in disclosure documents 

July 2024 

We are seeking feedback on a proposed information sheet that provides guidance for climate reporting entities (CREs) in relation to the following disclosure documents, in light of the climate-related disclosures (CRD) regime:    

• any current or new Product Disclosure Statement for their financial products 
• the Other Material Information on the offer register on Disclose for their financial products  
• any Statement of Investment Policies and Objectives on the offer register on Disclose  
• any annual report.  

Setting out our guidance for CREs’ disclosure documents in light of the new CRD regime contributes to our objective of promoting the confident and informed participation of businesses, investors and consumers in our financial markets.  

We welcome your feedback on the proposed information sheet. Please use the feedback form above.