New Zealand on Thursday became the first country to force the financial sector to report on the environmental impact of its investments., After the approval of the law proposed by the Prime Minister-led administration, Jacintha Artern.
“We have an opportunity to pave the way for other countries to force climate-impact exposure. In this regard New Zealand is a world leader and the first country in the world to be forced to report on the financial sector“, Said the Minister of Climate Change, James Shaw, This is a statement.
Sea country Banks, insurers and investment managers need to explain how they manage the risks and opportunities associated with the effects on the environment..
“Financial services and markets play a key role in transforming New Zealand into a green, carbon-neutral future,” Trade and Consumer Affairs Minister David Clark said in the same statement.
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The law considers As of 2023, 200 companies in the country will be submitting their reports and affecting all registered banks, credit unions and mortgage credit unions, As well as Investment managers and insurers with assets of over NZ $ 1 billion (US $ 717 million).
The new rules will also be affected Issuers of all shares and loans listed on the New Zealand Stock Exchange, NZX, in addition NZ $ 1 billion in public companies.
The Ordnance Labor government is determined to bring it to New Zealand Carbon neutral More than half of the country’s cars will have electricity by 2035 by 2050. In December it also declared a climate emergency in its territory.
(With information from EFE)
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