Implementation of new climate standards must go beyond mere compliance

It would be prudent to take note and determine your approach says KPMG. (Image: Getty)

Wed, 21 Sep 2022

New climate standards have the potential to drive the change needed in New Zealand, but not if adoption is seen as merely a compliance exercise, says KPMG. A new climate-related disclosure framework becomes effective in less than four months and KPMG expected the first official climate statements required by law to be published by April 2024, according to its latest Financial Institutions Performance Survey. Mandatory reporting had been implemented because the majority of large NZ financial organisations provided “limited to no...

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