Climate scenario analysis: the new frontier for business

The FMA's climate-related disclosures manager, Jenika Phipps. (Image: Financial Markets Authority)

Wed, 19 Jul 2023

When large companies release their first mandatory climate reports next year, they won’t just include estimates of greenhouse gas emissions data. They will also have to include “scenario analysis”. In other words – how will that organisation cope with various possible futures as the world heats up?It will be the job of the Financial Markets Authority (FMA) to enforce the standards of climate change reporting, even if it has repeatedly made clear it will take a primarily educative approach in the early days.On July 1...

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