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3 Dec 2021 19:58
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  •   Home > News > Politics

    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 Politics News
     03 Dec: A northland businessman says border checkpoint confusion is causing booking cancellations
     03 Dec: A law allowing iwi to stop and checks cars is being scrutinised by the Act Party
     03 Dec: James Hayward resigns from WA Nationals amid child sex charges, faces calls to leave parliament
     03 Dec: It's a day of firsts for New Zealand
     03 Dec: The Health Minister says as the country shifts to the traffic-light system, we need to make sure we can cope with the unexpected
     02 Dec: A Northland Iwi says it's been left in the dark on plans for the region's Covid-19 border
     02 Dec: This year's Rhythm and Vines has fallen victim to the Traffic Light system
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