World first climate change law for financial firms introduced

World first climate change law for financial firms introduced
Ian Llewellyn
Most large businesses, banks, insurers and investment funds will be required to disclose their greenhouse gas emissions from the start of the 2022 financial year under legislation introduced into Parliament today.The law change comes as the latest emissions data shows little progress has been made towards meeting the government’s goal of ‘zero carbon’ by 2050.The 2021 Greenhouse Gas Inventory shows gross emissions were 82.3 million tonnes of carbon dioxide equivalent (Mt CO2-e) in 2019, up 2% from 2018. Net emissions in 2019 w...

More Finance

Investor visas a gold mine for private credit
Finance

Investor visas a gold mine for private credit

More than $55m committed for residency destined for credit funds which lend to NZ firms.

Aussie broker giant CBN enters NZ with Folio deal
Finance

Aussie broker giant CBN enters NZ with Folio deal

CBN is backed by ASX-listed Steadfast Group.

John Anthony 11 Aug 2025
Capital gains tax to solve house-price affordability crisis?
Finance

Capital gains tax to solve house-price affordability crisis?

ANZ's Richard Yetsenga said house-price affordability is a significant challenge. 

Staff reporters 07 Aug 2025
Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025