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7 Dec 2021 10:36
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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
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     07 Dec: There's surprise at just how many police are likely to staff Auckland's northern border over summer
     07 Dec: Solomon Islands Prime Minister Manasseh Sogavare survives vote of no confidence
     06 Dec: Chris Luxon's unveiled the team he says will give the Prime Minister's team a run for their money
     06 Dec: Video shows Myanmar army truck running down protesters during march
     06 Dec: One National MP is feeling confident about a caucus reshuffle, under new leader Christopher Luxon
     06 Dec: People may need a reality check when it comes to housing
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