NZ companies hold back on nature-based reporting

COP 16 on biodiversity was held in Cali, Columbia last month. (Image: Getty)

Wed, 18 Dec 2024

At the recent Conference of Parties 16 biodiversity gathering in Columbia, it was revealed that listed companies with $11 trillion of market capitalisation had signed up to voluntary nature-based reporting standards.So far, New Zealand is mostly sitting that one out.The 502 companies and financial institutions had committed to the Taskforce of Nature-related Financial Disclosures (TNFD). That is a 57% increase since the first announcement of TNFD adopters last January.Only one NZ company, Port of Tauranga, is on that list. However, the Australi...

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