New Zealand on Thursday became the first country in the financial sector to report on the environmental impact of its investments.After the approval of the law proposed by the administration headed by the Prime Minister, Jacintha Orton.
“We have the opportunity to pave the way for other countries to force climate impact exposure. New Zealand is the world leader and the world’s first country to force the finance ministry to report on the matter”, Said the Minister of Climate Change. James ShawThis is a statement.
Sea country It will force banks, insurers and investment managers to explain how to manage the risks and opportunities associated with environmental impacts..
“Financial services and markets play a key role in the transition to New Zealand’s green and carbon-neutral future,” said David Clark, Minister of Trade and Consumer Affairs in the same statement.
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Some consider that law The 200 companies in the country will issue their reports from 2023, and this will affect all registered banks, credit unions and mortgage companies.As well as Investment managers and insurers with total assets of over NZ $ 1 billion (US $ 717 million).
The new rules will also be affected All stock and lenders listed on the New Zealand Stock ExchangeNZX, in addition NZ $ 1 billion in public companies.
The Orthodox Labor government is committed to achieving New Zealand Carbon neutrality before 2050 and by 2035 more than half of the country’s cars will be electric. In December, it also declared a climate emergency in its region.
(With information from EFE)
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