Climate reporting is critical despite its huge cost

The investment industry is seen to have a critical role in combating climate change. (Image: Getty)

Fri, 20 Sep 2024

Climate reporting costs companies, including banks and insurance firms, a fortune, but a senior ANZ manager said this week it’s a job that just has to be done.Helen Skinner spoke at the Responsible Investment Association Australasia’s (RIAA) annual conference in Auckland on Sept 19. She was one of three fund managers who discussed the general good, bad, and ugly of compliance reporting.Skinner said climate disclosures cost NZ "a hell of a lot of money". "It was a full-time job for us, so we increased the size of...

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