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Apr 17, 2021 02:50 PM EDT
New Zealand has declared laws that will compel large companies to uncover the climate impact of their acts in a move they hope will bring about a global precedent. All Aoteroa/New Zealand companies from 2023 with assets of more than US$700 million (NZ$1billion) will have to give a report on the effects of their actions on climate change.
(Photo : Getty Images)
Greenhouse Gases
This will compel transparency of not just companies that directly discharge greenhouse gases, but the impact of investments and loans made in others. Climate Minister James Shaw said in a statement: This law will bring about risks of climate and resiliance into the heart of decision making that has to do with finance and business.