Green party makes electoral pledge that would make it mandatory for large financial institutions to reveal exposure to climate-related risks
New Zealand’s left-leaning Green party said it would require the financial sector to make annual disclosures about the impact of the climate crisis on their business, if it once again formed a government after October’s election. The policy would be a world-first, said James Shaw, the climate change minister and co-leader of the party.
“Australia, Canada, [the] UK, France, Japan, and the European Union are all working towards some form of climate risk reporting for companies,” said Shaw in a statement. “But New Zealand is moving ahead of them by making disclosures about climate risk mandatory across the financial system.”
