Listed minnows left out of climate disclosure law

The climate change minister James Shaw has lauded the disclosure law as ground-breaking. (Image: Deposit Photos)).

Thu, 19 Aug 2021

The number of companies that will have to report on climate change’s impact on their businesses have been reduced by a parliamentary select committee by excluding those with a market capitalisation of under $60 million.The Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill will require about 200 entities covered by the Financial Markets Conduct Act to make the disclosure. This includes registered banks and listed issuers.Submissions on the bill have been supportive, but many were concerned by the costs and vag...

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