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6 Dec 2021 9:57
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      Home > News > Business

    New Zealand's passed a world-first law making businesses disclose climate impacts

    New Zealand's passed a world-first law making businesses disclose climate impacts


    It's hoped the Financial Sector Amendment Bill will contribute to reaching carbon neutrality by 2050.

    It requires about 200 financial market participants to reveal the risks and opportunities climate change presents their business.

    The Commerce and Consumer Affairs Minister says it will promote business certainty, raise expectations and accelerate progress.

    Climate Minister James Shaw says it puts climate risk at the heart of business ... and encourages entities to be more sustainable.

    © 2021 Newstalk ZB, NZCity

     Other Business News
     06 Dec: People may need a reality check when it comes to housing
     06 Dec: Auckland businesses are still missing out on a chunk of revenue - they're open, but stuck on the red
     06 Dec: Beware the buy now, pay later 'debt spiral'. Experts warn it'll be haunting us long after Christmas
     05 Dec: Emergency management is keeping a close eye on South Westland as heavy rain continues to fall across the area
     05 Dec: Kiwis shopping for house and contents insurance are being warned to read the fine-print
     04 Dec: A campaign group is challenging the public to ask businesses about their gender pay gap
     03 Dec: A northland businessman says border checkpoint confusion is causing booking cancellations
     Top Stories

    RUGBY RUGBY
    Skier Alice Robinson has achieved the second best World Cup Super G result of her career at the season-opening race in Canada More...

    BUSINESS BUSINESS
    People may need a reality check when it comes to housing More...


     Today's News

    		 Soccer:
    Sam Kerr brace leads Chelsea to Women's FA Cup glory over Arsenal at Wembley 9:53

     Politics:
    Christopher Luxon is facing his first big test as National leader -- in his selection of a new shadow cabinet 9:33

     Law and Order:
    A teenage boy killed in an early morning assault in Christchurch is being fondly remembered 9:33

     Rugby:
    Skier Alice Robinson has achieved the second best World Cup Super G result of her career at the season-opening race in Canada 8:33

     Education:
    Many students will be banking on already completed work this year, as they skip NCEA exams in high numbers 8:33

     Tennis:
    Andrey Rublev and Daniil Medvedev have both taken out their singles rubbers in straight sets, as you heard on sky Sport, meaning the doubles rubber is dead 8:03

     Business:
    People may need a reality check when it comes to housing 8:03

     Business:
    Auckland businesses are still missing out on a chunk of revenue - they're open, but stuck on the red 7:54

     International:
    Omicron was already spreading in the Netherlands before it had a name. Could it have European origins? 7:43

     Health & Safety:
    Christchurch Hospital has been swamped with alcohol-related cases this weekend 7:33

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