The Aotearoa New Zealand Climate Standard 2 (NZ CS 2) outlines the adoption of climate-related disclosures by entities. The objective of this standard is to ensure that entities disclose relevant and decision-useful climate-related information that supports the transition to a low-emissions, climate-resilient future. Entities are required to adopt the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and report on their governance, strategy, risk management, and metrics and targets related to climate change. The standard provides guidance on how to implement the TCFD recommendations, including the need for board-level oversight and engagement, scenario analysis, and disclosure of both quantitative and qualitative information. Entities are also required to disclose their approach to managing and mitigating climate-related risks and opportunities, including any material impacts on their business activities. They should consider their exposure to physical, transition, and liability risks related to climate change and disclose their strategies for managing these risks. The standard applies to entities required to prepare climate statements or group climate statements under the Financial Markets Conduct Act 2013. Entities are encouraged to apply all the requirements of the Aotearoa New Zealand Climate Standards to ensure comprehensive and consistent reporting.