The financial impacts of climate change on businesses are not being adequately considered, valued and reported on within financial markets in New Zealand.
The Government proposed requiring financial firms and listed companies to report on the impacts for their business and investments in a consistent way. The aim was to help investors, shareholders and companies make informed decisions.
Read the discussion document:
The consultation closed on 13 December 2019.
The Government plans to make climate-related financial disclosures mandatory for some organisations. The requirement would apply to publicly listed companies and large insurers, banks and investment managers.
For more information visit Mandatory climate-related financial disclosures.
What you told us
We would like to thank everyone who took the time to make a submission on the proposals. We received more than 70 submissions.
The feedback from this consultation informed the Government’s decision on the proposed regime for climate-related financial disclosures.
- Low-emissions Economy report (PDF, 8,7 MB) [New Zealand Productivity Commission website]
- Transitioning to a low emissions future: The Government response to the Productivity Commission’s Low Emissions Economy report (The Climate Action Plan)
- Sustainable Finance Forum interim report 2019 (PDF, 2.3 MB) [Aotearoa Circle website]
- Sustainable Finance Forum legal opinion 2019 (PDF, 1.1 MB) [Aotearoa Circle website].
Public information sesssions
We held the following information sessions to discuss the proposals.
|25 November||Wellington||11.00am – 01.00pm||Fusion Meetings and Events, Conference 6, Level 6, 90 The Terrace, Wellington|
|26 November||Auckland||7.30am – 9.30am||CA ANZ, Carlaw Park Complex, 12-16 Nicholls Lane, Parnell, Auckland|
|Auckland||11.45am – 1.45pm||CA ANZ, Carlaw Park Complex, 12-16 Nicholls Lane, Parnell, Auckland|
|27 November||Christchurch||8.30am – 10.30am||Leadership House, 1/245 Blenheim Rd, Upper Riccarton, Christchurch|
|3 December||Online webinar||10.00am – 11.30am|