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.
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.
- 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|