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Asia-Pacific

New Zealand Passes Climate Reporting Legislation in World First

Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.

New Zealand has passed a law that will require financial firms to disclose and act on climate-related risks and opportunities. The Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill, which will make climate-related disclosures mandatory for most listed issuers, banks, insurers and investment managers, was introduced in Parliament in April. The bill has…

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