In June 2018 we announced our renewed commitment to sustainability across three pillars of activity:
Environment, People and Enterprise. For more information read our Sustainability Report – 2022
In December 2022, The External Reporting Board (‘XRB’) of New Zealand issued Aotearoa New Zealand Climate Standards, a new climate-related disclosure framework underpinned by Financial Sector (Climate-related disclosures and other matters) Amendment Act 2021.
Three new standards have been issued:
- NZ CS 1 Climate-related Disclosures
- NZ CS 2 Adoption of Aotearoa New Zealand Climate Standards
- NZ CS 3 General Requirements
These standards require reporting entities to make annual disclosures covering governance arrangements, risk management, strategies, metrics, and targets for mitigating and adapting to climate change impacts. As a listed entity, Synlait will be providing a disclosure to align with these standards in 2024.
Sustainability and transparent reporting are important to Synlait. We started preparations for this release in our 2023 financial year and are currently working on our physical and transition risks and our subsequent plans. The disclosure will be issued by Synlait at the conclusion of our 2024 financial year. When available, more information and a link to our first disclosure will be available here.