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Director - Climate, Sustainability & ESG
Contents
High profile withdrawals and restatements of corporate climate targets are making global headlines. At the same time, climate litigation is targeting corporate climate claims, including the credibility of net zero targets, while offshore regulation against well-used claims such as “carbon neutral” is rapidly shifting expectations.
With research showing only a small proportion of public companies have robust transition plans to meet their emissions reduction goals, lenders, investors and regulators are increasingly requiring the disclosure of transition planning. For New Zealand banks, insurers and listed businesses (“climate reporting entities”) that have recently become obliged to publish climate statements, this requirement will kick in from FY25.
This publication explores some of the changing factors affecting the risk environment for corporates navigating this “new net zero”.
