FMA sets out how it will police new annual climate reporting standards

FMA sets out how it will police new annual climate reporting standards
The first reports from the climate disclosure regime are expected in 2024. (Image: Getty)
Greg Hurrell
The Financial Markets Authority has laid out its expectations on how organisations should comply with new climate-related reporting requirements.On June 23, it issued three draft guidelines on record keeping, third-party consultants, and how the Financial Markets Authority (FMA) plans to monitor compliance.The main intention of the climate disclosure regime, which kicked in on Jan 1 this year, is to support the allocation of capital towards a low-emissions and climate-resilient society. The FMA is responsible for the independent monitoring...

More Sustainable Finance

Banks class action: the lawyers blinked first
Policy Opinion

Pattrick Smellie: Banks class action: the lawyers blinked first

Class action funders show their hand with pre-emptive settlement offer.

Pattrick Smellie 17 Jul 2025
Aussie and NZ line up on bank fee chop proposal
Retail

Aussie and NZ line up on bank fee chop proposal

The Australians are also proposing to ban surcharges on in-store plastic card payments.

Pattrick Smellie 16 Jul 2025
Insurers falling behind banks on climate disclosure
Editor's Picks

Insurers falling behind banks on climate disclosure

Insurers don't have the same access to data available to the banking industry.

Greg Hurrell 08 Jul 2025
IndigiShare is out to shake up Māori business finance
Startups

IndigiShare is out to shake up Māori business finance

The company is seeking $500,000 to run a pilot for koha-based retail transaction fees.

Greg Hurrell 10 Jun 2025