Climate-related financial disclosures: Our proposals, your views

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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 is proposing to require financial firms and listed companies to report on the impacts for their business and investments in a consistent way. The aim is to help investors, shareholders and companies make informed decisions.

The consultation closed on 13 December 2019.

Read the discussion document: Climate-related financial disclosures — Understanding your business risks and opportunities related to climate change.

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. 

Summary of submissions 

350.org PDF,70.5 kB
Air NZ PDF,1.8 MB
AMP Capital PDF,65.4 kB
ASB PDF,3.2 MB
Auckland Council PDF,1.4 MB
BNZ PDF,486 kB
BusinessNZ PDF,209 kB
CAANZ PDF,748 kB
Carbon and Energy Professionals NZ PDF,526 kB
CDP & CDSB PDF,295 kB
Chapman Tripp PDF,494 kB
Christchurch City Council PDF,433 kB
Climate for Change PDF,46.1 kB
Connective Impact PDF,41.8 kB
CPA Australia submission - Climate-related financial disclosures PDF,145 kB
ECO PDF,190 kB
EECA PDF,115 kB
Evolutiongreen PDF,27.7 kB
EY PDF,829 kB
Financial Services Council PDF,137 kB
Financial Services Federation PDF,214 kB
Fonterra PDF,1.2 MB
Fund Manager Forum PDF,67.4 kB
Genesis PDF,220 kB
Government Superannuation Fund Authority and National Provident Fund PDF,305 kB
Harbour Asset Management PDF,78.3 kB
Health Funds PDF,137 kB
IAG PDF,146 kB
ICNZ PDF,950 kB
IGCC PDF,406 kB
Individual 1 PDF,51.1 kB
Individual 2 PDF,34.4 kB
INFINZ PDF,239 kB
IoD PDF,778 kB
Kiwi Wealth PDF,1.2 MB
LAPFF PDF,37.7 kB
Law Society PDF,297 kB
Lawyers for Climate Action PDF,276 kB
Mana Whenua Kaitiaki Forum PDF,2.8 MB
McGuinness Institute FINAL PDF,4.7 MB
Mercury PDF,219 kB
Meridian PDF,151 kB
Milford Asset Management PDF,212 kB
Mindful Money PDF,298 kB
Minerals West Coast PDF,185 kB
Ndevr PDF,52.9 kB
NZ Super PDF,90.7 kB
NZ Wines PDF,158 kB
NZBA PDF,225 kB
NZW PDF,158 kB
NZX PDF,175 kB
OAG PDF,138 kB
Oceana Gold PDF,765 kB
PwC PDF,161 kB
Ray Skinner (individual) PDF,303 kB
RBNZ PDF,2.0 MB
Refining NZ PDF,402 kB
Responsible Investment Association Australasia PDF,51.3 kB
Russell McVeagh PDF,165 kB
SASB PDF,835 kB
SIA PDF,156 kB
SkyCity Entertainment Group PDF,49.7 kB
Te Rūnanga o Ngāi Tahu PDF,261 kB
Toitu Envirocare PDF,425 kB
Tower PDF,133 kB
Transpower PDF,58.3 kB
TSB PDF,1.2 MB
Vector PDF,1.1 MB
Warehouse Group PDF,54.1 kB
WEL Networks PDF,510 kB
Westpac PDF,48.4 kB
Wise Response Society PDF,193 kB
Wollemi Consulting PDF,174 kB
WWF-New Zealand - TCFD submission - 2019 PDF,236 kB

Next steps

The feedback from this consultation will inform the Government’s decision on the proposed regime for climate-related financial disclosures.

We will then seek agreement from Ministers for policy decisions on the proposed regime, including any recommended changes arising from the consultation.

Following Cabinet approval, officials will begin introduction of new regulations.  

Related information

Public information sesssions

We held the following information sessions to discuss the proposals.

Slides from the presentation shown at the information sessions [PDF 475 KB]

DATE LOCATION TIME

VENUE

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