Insurers falling behind banks on climate disclosure

Flooding in Nelson, August 2022. (Image: NZME)

Tue, 08 Jul 2025

The banking industry is pulling away from the insurance industry in the standards of climate reporting, helped by better access to customer data.According to a new survey, there is a wide gap in financed emissions disclosure between the banking and insurance sectors. For banks that means the emissions from the householders and businesses they have lent to. For insurers that includes emissions from insurance contracts. Climate reporting entities don’t actually need to start disclosing this class of emissions, which come under scope 3,...

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