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13 April 2021 The New Zealand government will introduce a mandatory requirement for the financial sector to disclose information about the threats that climate change poses to their business and prepare strategies for managing climate related risks and opportunities. New Zealand Commerce and Consumer Affairs Minister David Clark said the country would become the first in the world to introduce such a requirement on the financial sector to assess, report and explain how they will manage the risk climate change poses to its business operations. “It is important that every part of New Zealand’s economy is helping us cut emissions and transition to a low carbon future. This legislation ensures that financial organisations disclose and ultimately take action against climate-related risks and opportunities,” Clark said.

New zealandNew south walesNew zealandersJames shawMerwin jacksonDavid clarkMichael mazengarbClimate change commissionConsumer affairsInvestor group on climate changeTask force on financial disclosuresJacinda ardern new zealand emissionsZealand commerceConsumer affairs minister david clarkFinancial sectorClimate related disclosure