New Zealand May Give Some Firms More Time to File Climate Report

NZ’s Financial Markets Authority is seeking feedback on a plan to allow some businesses more time to report on how they are responding to climate change, according to emailed statement.

• Legislation requires climate statements to be lodged within four months of balance date and be included with a company’s annual report
• However NZX listed companies must file annual reports within three months
• “Given this is the first time that climate statements will be prepared and timeframes for reporting may be difficult to estimate, climate reporting entities may need the four-month timeframe provided in the Act to complete their climate statements ...