Prison For Directors Who Fail To Report On Climate Risks Unduly Harsh, Says The Institute Of Directors scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Press Release – Economic Development Science and Innovation The Chair of the Economic Development, Science and Innovation Committee has called for submissions on the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill. This bill aims to ensure the effects of climate change are routinely …
The Chair of the Economic Development, Science and Innovation Committee has called for submissions on the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill.
This bill aims to ensure the effects of climate change are routinely considered in business, investment, lending, and insurance underwriting decisions.
To achieve this goal, the bill would:
· Require certain financial organisations to make climate-related disclosures.
Community Scoop » Have Your Say On The Financial Sector (Climate-related Disclosures And Other Matters) Amendment Bill scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
By Frank Jackman
01.00 PM
New Zealand could become the first country to make climate reporting obligatory for financial firms, after lawmakers passed an amendment on Thursday requiring them to disclose climate change risks.
The bill will amend the Financial Markets Conduct Act (2013) to incorporate a requirement for firms, referred to as climate reporting entities, to report annually on their exposure to climate-related risk and disclose greenhouse gas emissions.The External Reporting Board will develop its reporting standards in line with
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New Zealand has become the first country to consider legislation that would require the financial sector to disclose the impacts of climate change on their business and to explain how they will manage