CSF aims to monitor Aotearoa New Zealand’s progress towards aligning capital flows with a resilient, prosperous Aotearoa New Zealand and the objectives of the Paris Agreement.
To achieve this alignment, the Sustainable Finance Forum’s 2030 Roadmap outlines 12 recommendations across the three categories Changing Mindsets, Transforming Finance, Financing Transformation.
Our monitor looks at activities and initiatives that are advancing progress toward each of the 12 SFF 2030 Roadmap recommendations. Activities or developments that are seen to impede or reverse progress are not included.
The monitor is organised by the organisations identified in the roadmap as having primary accountability for progress. Click on the category below to view progress towards the recommendations most relevant to you.
If you would like to make a submission for inclusion in the monitor please email us.
Roadmap Recommendation 2.1: Build the sustainable finance capability of professionals and Financial Services Licenses
Roadmap Recommendation 2.3: Provide education and training for directors, management and trustees
Roadmap Recommendation 4.2: Identify key data needs and gaps that would enable quality climate-related financial disclosures
Roadmap Recommendation 1.1: Explicitly include the consideration of environmental and social factors within fiduciary duties
Roadmap Recommendation 1.2: Remove barriers to purpose-led business and investment models
Roadmap Recommendation 2.1: Integrate sustainability and sustainable finance explicitly into the Financial Advice Code and Financial Services Licences
Roadmap Recommendation 2.2: Build the sustainable finance capability of the public sector, prioritising policymakers initially
Roadmap Recommendation 2.5: Educate and strengthen the capability of consumers and the public
Roadmap Recommendation 3.1: Improve public sector governance and accountability for positive environmental and social outcomes
Roadmap Recommendation 4.1: Establish clear leadership and accountability for data infrastructure
Roadmap Recommendation 4.3: Establish trusted governance infrastructure to enable open or shared data
Roadmap Recommendation 4.4: Utilise FinTech solutions to equip the financial system to deliver on environmental and social outcomes
Roadmap Recommendation 5.1: Develop consistent foundational metrics and disclosures
Roadmap Recommendation 5.2: Extend disclosure requirements to asset owners, fund managers, and large private companies
Roadmap Recommendation 5.3: Improve the approach to, and uptake of, third party verification and assurance
Roadmap Recommendation 5.4: Use the value of quality reporting to drive positive environment and social outcomes
Roadmap Recommendation 7.2: Introduce market mechanisms and fiscal incentives to internalise environmental and social outcomes
Roadmap reccomendation 7.3: Broaden financial regulation to integrate and encourage positive environmental and social outcomes
Roadmap Recommendation 7.4: Account for environmental and social outcomes
Roadmap Recommendation 7.5: Government procurement to include positive environmental and social outcomes
Roadmap Recommendation 8.6: Address age discrimination in the KiwiSaver Scheme
Roadmap Recommendation 9: Co-develop with iwi/Māori, a Whole-of-Government sustainable finance strategy, capturing the Central and Local Government. Embed tikanga principles and approaches into the financial system. This also needs to be aligned with the principles of Te Tiriti o Waitangi
Roadmap Recommendation 10.1: Monitor systematic climate risks
Roadmap Recommendation 10.2: Reflect long-term risk in capital adequacy requirements
Roadmap Recommendation 10.3: Prepare for uninsurable markets
Roadmap Recommendation 10.4: Investigate financial impacts of other systematic risks beyond climate change, commencing with biodiversity loss
Roadmap Recommendation 11.1: Develop standards for sustainable finance and investment
Roadmap Recommendation 11.2: Improve regulatory oversight and enforcement
Roadmap Recommendation 11.3: Same class exemption for green, social, and sustainability linked bonds
Roadmap Recommendation 11.3: Liquidity requirements for KiwiSaver
Roadmap Recommendation 11.3: Transform public sector investment to deliver on sustainable outcomes
Roadmap Recommendation 3.2: Incorporate long-term thinking and the need for positive environmental and social outcomes more explicitly within the Governance Codes and purpose statements
Roadmap Recommendation 2.4: Incorporate sustainable finance into the formal education system
Roadmap Recommendation 3.3: Introduce a Stewardship Code for financial institutions and link this to the licensing requirements of KiwiSaver and managed fund providers
Roadmap Recommendation 8.1: Remove account and transaction fees for customers in vulnerable circumstances
Roadmap Recommendation 8.2: Provide affordable digital access to all
The Centre was established to accelerate progress towards an equitable, inclusive, sustainable financial system. Our work is anchored in the Sustainable Finance Forum’s 2030 Roadmap for Action, which calls for financing transformation, transforming finance and changing mindsets.
Implementing these recommendation strategically positions Aotearoa New Zealand both domestically and internationally, where international markets are rapidly embracing similar recommendations. This Roadmap for Action will enable Aotearoa New Zealand to maintain our global reputation and market presence.
The Roadmap was developed over a two-year timeframe in consultation with 200+ market participants. The Sustainable Finance Forum was convened by The Aotearoa Circle. Secretariat was provided by Pip Best, Climate Change & Sustainability Partner, EY.
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About the sustainable finance monitor
CSF aims to monitor Aotearoa New Zealand’s progress towards aligning capital flows with a resilient, prosperous Aotearoa New Zealand and the objectives of the Paris Agreement.
The Sustainable Finance Forum’s 2030 Roadmap outlines 12 recommendations across the three categories Changing Mindsets, Transforming Finance, Financing Transformation.
Our monitor looks at progress toward this roadmap.
If you would like to make a submission for inclusion in the monitor please email us
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 technology change. The speed and scale of these changes have the potential to destabilise economies, strain public resources, disrupt labour markets, and increase vulnerability to global conflicts.
Making capital flow to the right places to respond to these goals and challenges is difficult. This is partly due to a short-term focus, as well as a lack of tools to effectively assess trade-offs and accurately price social and environmental risks. To achieve the Government’s desired outcomes from growth, we need clear and cohesive government policies and regulation that can effectively attract, mobilise and direct both public and private capital.
Within a rapidly evolving international landscape, where global sovereigns are deploying sustainable finance strategies which create a cohesive and coordinated plan for attracting and directing investment, there are real and opportunity costs to New Zealand from delayed action or inaction.
Responding to a request from the Minister for Climate Change CSF is working to co-develop a sustainable finance strategy for New Zealand, with engagement from across the public and private sectors.
The vision of the strategy is ‘finance that unlocks New Zealand’s potential and enables the growth, innovation and capital required for current and future generations to thrive’.
The strategy is currently in development, sign up for updates below.
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