Climate reporting will hold businesses to account - Shaw

Tue, 15 Sep 2020

NZX-listed companies, banks, insurers, and fund managers will have to report on climate risks under new regulation announced today by the minister for climate change. If passed by the next Parliament, businesses would be required to make annual disclosures on climate change risks, and strategies for mitigating their impacts from 2023 onwards. The regime will be on a comply-or-explain basis, based on the Task Force on Climate-related Financial Disclosures framework, and would be overseen by the Financial Markets Authority. “Many large b...

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