The bill originally provided a disclose-or-explain exception if a climate reporting entity reasonably determined that it is not materially affected by climate change. However, this still created a reporting requirement for such entities. The disclose-or-explain provisions have been removed from the bill, to remove a two-tier reporting system. All climate reporting entities will prepare climate statements using the same climate standards. Any need for differential reporting could be achieved through the application of climate standards. This ensures that users are able to compare reports and that all climate reporting entities are analysing their climate risks and opportunities.