New Zealand Eases Climate Disclosure Rules, Sparks Backlash

New Zealand Eases Climate Disclosure Rules, Sparks Backlash

New Zealand’s government is taking a significant step back from its ambitious climate-related disclosure (CRD) regime, raising the reporting threshold and reducing liability risks for company directors. This move, while aimed at easing the burden on businesses, raises questions about the country’s commitment to transparency and climate action. The changes, announced by Commerce and Consumer… Source

New Zealand Removes Small Companies from Climate Reporting Regulation

The government of New Zealand announced a series of changes to its climate-related disclosure (CRD) regulation, including significantly raising the reporting threshold to exempt smaller companies from the scope of the compliance requirements, and reducing liability risk for company directors. New Zealand launched its CRD regime in 2021, introducing requirements for banks, credit unions, insurers […]