New Zealand's mandatory climate-related disclosure
The Government has passed legislation making climate-related disclosures mandatory for some large financial market participants. The requirement applies to large publicly listed companies, insurers, banks, non-bank deposit takers and investment managers. Diligent ESG can help!
Comply with confidence
Tackle New Zealand's climate related disclosures with a purpose-built solution that offers the guidance and automation you need to comply with confidence.
Turn ESG goals into outcomes
Tell your ESG story with compelling data that shows regulators, shareholders and stakeholders that your ESG initiatives are more than just promises.
Centralize a growing ESG ecosystem
Leverage a single platform to collect, collaborate, and measure sustainability data from across your organization — and easily produce the audit-ready reports you need.
Increase efficiency and minimize costs
Save up to 27% of total ESG net costs by reducing audit spend by 50% with automation that saves hundreds of hours of work each year.
The goal of mandatory climate-related disclosures
- ensure that the effects of climate change are routinely considered in business, investment, lending and insurance underwriting decisions
- help climate reporting entities better demonstrate responsibility and foresight in their consideration of climate issues
- lead to more efficient allocation of capital, and help smooth the transition to a more sustainable, low emissions economy.
Mandatory climate-related disclosures will help New Zealand meet its international obligations and achieve its target of net zero carbon by 2050. By improving transparency and revealing climate-related information within financial markets, our financial system will become more resilient and climate change risks outlined in the National Climate Change Risk Assessment will be addressed.
Whos is required to produce climate-related disclosures
Around 200 entities in New Zealand are required to produce climate-related disclosures. These climate reporting entities include:
- All registered banks, credit unions, and building societies with total assets of more than $1 billion.
- All managers of registered investment schemes (other than restricted schemes) with greater than $1 billion in total assets under management.
- All licensed insurers with greater than $1 billion in total assets or annual premium income greater than $250 million.
- Listed issuers of quoted equity securities with a combined market price exceeding $60 million.
- Listed issuers of quoted debt securities with a combined face value of quoted debt exceeding $60 million.
Issuers listed on growth markets are excluded from the climate reporting entity definition.
Purpose-built carbon calculator
Get instant calculations and audit-ready reports you can be confident in. Generate disclosures with a single click and ensure complete coverage across Scopes 1, 2 and 3 emissions. We maintain more than 70,000 emission factors, helping ensure your calculations are automatically made with the most current data.
Easily gather information
Centralize your survey and evaluation activities on a single, easy-to-use platform accessible on any device, anytime. Collect key information from tens of thousands of employees, suppliers and other stakeholders to instantly report on important scope 3 data.
Reduce repetitive, manual tasks
Many companies are expected to report in various formats across jurisdictions and through third parties such as CDP. The Author solution from Diligent ESG lets you capture data once and then flow it across relevant portions of different reports. This saves significant time, reduces the risk of errors and frees your teams to focus on more strategic activities.
Diligent ESG Delivers 167% ROI
ESG can present opportunities for growing value — or risks for reputational damage. Master ESG and be ready for every challenge with our comprehensive solution that scales with your organization. From data collection, reporting on New Zealand's mandatory climate-related disclosures, Diligent ESG does it all!
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