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The Times

New Zealand will make big banks, insurers and firms disclose their climate risk. It's time other countries did too

  • Written by Ivan Diaz-Rainey, Associate Professor of Finance & Director, Climate and Energy Finance Group, University of Otago

This week’s announcement of mandatory disclosures of climate-related risks for companies and financial institutions is arguably the New Zealand government’s most significant climate policy — even more so than the Zero Carbon Act itself.

The new policy will come into effect in 2023. It requires all banks, asset managers and...

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