Insurers and banks looking for more climate data as disclosure deadline looms

Insurance Council chief executive Tim Grafton. (Image: Supplied)

Thu, 08 Sep 2022

As new climate disclosure rules near completion, the insurance industry is one of several sectors grappling with how to implement the new regime, calculate greenhouse gas emissions, and get the climate data it needs.As part of those disclosure rules, banks and insurers will have to report the climate risks and emissions on all the properties they lend on and underwrite in New Zealand. These are part of wide-ranging international “Scope 3” emission types in the reporting standards.The External Reporting Board (XRB) is developing clim...

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