Financial weather report: nothing but green skies from now on

(Image: Getty)

Wed, 28 Jun 2023

Climate-reporting disclosure season kicks off for the first time next April under a cloud, as forecast by the Financial Markets Authority.“The CRD [climate-reporting disclosure] regime is novel, and the market has low maturity for managing data sources and systems for collecting and reporting on climate-related information. This may mean that not all information is available at the start of the regime,” the Financial Markets Authority (FMA) noted in new draft guidance aimed at clarifying the extensive record-keeping obligations of t...

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