Access to robust, reliable, and decision-useful data is crucial for financial decision-making that enables New Zealand’s economic growth and resilience objectives.
In partnership with Deloitte New Zealand, CSF prepared a discussion paper on the Priority Sustainability Data Requirements of New Zealand’s Financial Services sector.
The issues and recommendations presented in this paper are based on Deloitte’s interviews with industry leaders and practitioners across New Zealand’s Financial Services Industry, including insurance, asset management, and banking in Q4 2024.
The paper outlines five main challenges that need to be overcome:
- Data quality
- Data availability
- Tools & Resources
- Platforms used
- Framework, guidance and accountable leadership
And recommends potential enablers:
- National data hub for climate hazard and natural capital data
- Government support or partnership with the private sector for data collection
- Centralised platform for self-reported sustainability data
