News > New Zealand introduces climate change law for financial firms in world first

New Zealand introduces climate change law for financial firms in world first

Indian Express | 14/04/2021 09:10 AM | Click to read full article

The New Zealand government last September said it would make the financial sector report on climate risks and those unable to disclose would have to explain their reasons.

Disclosures will be required for financial years beginning next year once the law is passed, meaning that the first reports will be made by companies in 2023.