Tight timeline for companies preparing for climate disclosure

Tight timeline for companies preparing for climate disclosure
Most businesses will need to be given benchmark scenarios to assess risk against.
Dan Brunskill
Listed companies have only a short time to prepare for climate risk disclosure rules which are making their way through Parliament, says Chapman Tripp partner Nicola Swan.A Parliament committee yesterday put out the call for submissions on a new bill requiring financial organisations to disclose climate risks and mitigation strategies.The Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill has passed its first reading and is now being considered by the Economic Development, Science and Innovation Committee.Disclosure...

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FMA issues warning to coconut oil company
Law & Regulation

FMA issues warning to coconut oil company

The Financial Markets Authority has issued a warning to Evco Pacific for failing to meet disclosure requirements under the Financial Markets Conduct Act. The warning extends to Evco's current director, Neville Montefiore, and former directors Roger MacDonald and Christopher N...

Staff reporters 13 Mar 2025
IMF cautions Govt against pushing back too hard against RBNZ
Law & Regulation

IMF cautions Govt against pushing back too hard against RBNZ

The International Monetary Fund (IMF) is cautioning the Government against bending over backwards and deregulating banks in a bid to spur more competition in the sector.Finance Minister Nicola Willis is getting advice on whether she should make the Reserve Bank of New Zealand (RB...

Gap between NZ and Aus bank interest margin grows
Economy

Gap between NZ and Aus bank interest margin grows

In New Zealand, 2024 net interest margins were flat at 2.34%.

Gregor Thompson 12 Mar 2025
Fresh child abuse charges for disgraced NZ businessman Ron Brierley
Law & Regulation

Fresh child abuse charges for disgraced NZ businessman Ron Brierley

New Zealand businessman Ron Brierley is facing three fresh charges of possessing child abuse material after an appearance in court in Australia on Tuesday.Aged 87, Brierley appeared in the Waverley Local Court in Sydney following his arrest by police on Tuesday morning.The multi-...

Staff reporters 11 Mar 2025