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 ... Already a subscriber? Login