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...

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