Today’s Solutions: March 17, 2025

New Zealand has introduced legislation to increase climate transparency in banking. The country’s new policy will require publicly listed companies and large insurers, banks, non-bank deposit takers, and investment managers to make climate-related disclosures.

Most companies and banks currently have no disclosures regarding climate-related investments or potential impacts of climate change on their business operations and model. According to a press release from the government, the new legislation aims to “ensure that the effects of climate change are routinely considered in business, investment, lending, and insurance underwriting decisions.” It also aims to boost investment in sustainable business and renewable energy ventures.

The impacted businesses include all registered banks, credit unions, building societies, investment schemes, and insurers with assets over $1 billion, as well as all equity and debt issuers listed on the NZX.

The disclosures will be structured around four key topics: governance, strategy, risk management, and metrics and targets. International corporations with a presence in New Zealand will be forced to comply with the new regulations as well.

New Zealand has committed to achieving net-zero carbon by 2050. These regulations will encourage financial institutions to move towards a carbon-free future as well as allow customers to make more informed financial investment decisions.

Solutions News Source Print this article
More of Today's Solutions

Australian man survives 100 days with artificial heart in groundbreaking success

BY THE OPTIMIST DAILY EDITORIAL TEAM For the first time in history, a patient has been discharged from the hospital with a total artificial ...

Read More

How to strengthen your hips for better movement and less pain

BY THE OPTIMIST DAILY EDITORIAL TEAM Have you ever stood up after sitting for too long and felt like your hips aged fifty years ...

Read More

Why do so many children detest vegetables? Scientists may have unravelled the...

Humans are social creatures, and our behaviors, particularly those linked to eating, are frequently influenced by what we watch in others. Social modeling is ...

Read More

5 essential work skills to enhance your resume in 2024

In a world where talents are valued above all else, how we approach job searching and resume writing is changing dramatically. As we approach ...

Read More