Submission on the Financial Markets (Conduct of Institutions) Amendment (Duty to Provide Financial Services) Amendment Bill
The New Zealand Government has an ambitious economic growth agenda that aims to unlock New Zealand’s potential, grow the economy and ease the cost of living for New Zealanders. The physical and transition impacts of climate change and environmental issues on society and financial institutions are real and some are already manifesting now. Some risks—especially […]
New Zealand’s sustainable finance strategy
The New Zealand Government has an ambitious economic growth agenda that aims to unlock New Zealand’s potential, grow the economy and ease the cost of living for New Zealanders. The Government’s growth aspirations are set in the context of unprecedented change – including a rapidly warming climate, ageing populations, increased geopolitical and trade tensions, and […]
Submission to XRB on Proposed 2024 Amendment to Climate and Assurance Standards
Climate related financial disclosures (CRD) are here to stay. Other countries are moving to taxonomies and disclosures in the competition for markets. If New Zealand stands still, we will fall behind. We need to make it easy for potential foreign direct investment to engage, and our exporters need to be fit for the markets they […]
Submission to XRB on Climate-Related Disclosures Governance and Risk Management Section
Climate related financial disclosures are here to stay. Other countries are moving to taxonomies and disclosures in the competition for markets. If New Zealand stands still, we will fall behind. We need to make it easy for potential foreign direct investment to engage, and our exporters need to be fit for the markets they are […]
Submission to MfE on Emissions Reduction Plan
The Centre for Sustainable Finance: Toitu Tahua took the opportunity to comment on the Ministry for the Environment’s Emissions Reduction Plan (ERP) discussion document, Te hau mārohi ki anamata | Transitioning to a low-emissions and climate-resilient future. At the close of COP26 earlier this month, countries were urged to raise ambition and deliver on their […]
Submission to MfE on National Adaptation Plan
The March 2022 IPCC report on climate change adaptation, impacts and vulnerability, made clear that Aotearoa New Zealand, with the rest of the world, has a brief and closing window of opportunity to secure a liveable future through climate change mitigation and adaptation. The IPCC has also highlighted that current commitments put humanity on a […]
Submission to the RBNZ on Risk Weights and Climate Risk
There is evolving international discourse around the intersection of climate-related risk and financial system stability. The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) is is uniquely positioned to enable alignment of the Aotearoa New Zealand economy with a low emissions future. The Centre for Sustainable Finance: Toitū Tahua (CSF) therefore made submission on […]
Submission on the NZ ETS review and redesign of the permanent forest category
The New Zealand Emissions Trading Scheme (ETS) is an important financial lever, to send price signals to producers, consumers and investors, and to promote sustainable outcomes in New Zealand. Currently, the ETS falls short in driving significant reductions in gross emissions. This was caused by a noticeable increase in forestry investments and speculative holding of […]
Submission to the Climate Change Commission’s on the Draft Advice for the Second Emissions Reduction Plan
The Climate Change Commission is clear in its advice that “a lack of clarity on the approach to achieve net zero long-lived gas emissions by 2050 and beyond is likely to create ongoing policy uncertainty and impact decision-making in the public and private sectors. …Ultimately, prolonged uncertainty is more likely to lead to a more […]
Submission to the RBNZ on Managing Climate- Related Risks: Guidance for Regulated Entities
The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) is is uniquely positioned to enable alignment of the Aotearoa New Zealand economy with a low emissions future. Following our submission on the Reserve Bank of New Zealand ‘Risk Weights – Omnibus Consultation Paper’, The Centre for Sustainable Finance: Toitū Tahua (CSF) submitted our […]