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)

Thu, 29 Jun 2023

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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