NZ Makes ‘Climate Risk Disclosure’ Mandatory for Big Business

legislation was introduced as part of New Zealand’s journey towards low-carbon future and businesses to have a good understanding of how climate change impacts

Wind turbines at Albany Wind Farm at sunset in Albany, Western Australia, on Jan. 22, 2024. Susan Mortimer/The Epoch Times

Publicly listed companies, insurers, banks, non-bank deposit takers, and investment managers in New Zealand will now have to make their climate-related disclosures public after the government made reporting mandatory.

Currently, around 40 percent of NZX-listed companies have climate-related risks reported in their year-end company financial statements. The changes will impact around 200 organisations.