#5 Climate-related disclosures

Today we discuss New Zealand’s new climate-related disclosures regime with the FMA’s Jenika Phipps. Organisations covered (known as Climate Reporting Entities or CREs) will soon have to make annual disclosures covering governance arrangements, risk management, strategies and metrics and targets for mitigating and adapting to climate change impacts.  This applies to the larger publicly listed companies, big insurers, banks, non-bank deposit takers and investment managers. The FMA is responsible for independent monitoring and enforcement of the regime, providing guidance about compliance expectations, and reporting on monitoring activities and findings. We talk about who is covered by the regime, what’s happening around the world and what business should start thinking about as the new rules come into force this year.  Featuring FMA Manager of climate-related disclosures Jenika Phipps.  See: https://www.fma.govt.nz/business/focus-areas/ethical-finance/climate-related-disclosures/  Report: Climate-related disclosures: Initial monitoring approach for record keeping https://www.fma.govt.nz/assets/Information-sheets/Climate-related-disclosure-Record-keeping-initial-monitoring-approach.pdf  Sign up for climate-related disclosure news and updates by selecting Climate Reporting Entity (CRE) information on the FMA subscription checklist: https://www.fma.govt.nz/subscribe-to-fma-news-and-alerts/