350 Aotearoa applauds the passing of the Climate-related Disclosures Bill by parliament in its third reading in Parliament today. Mandatory climate-related risk disclosure is a useful mechanism to ensure extensive and thorough climate-risk reporting in our financial sector.
As I close my time at 350 Aotearoa, naturally I have been reflecting on the impact we have made since we started out. I’m really proud of the role 350 Aotearoa has played in helping to nurture and grow the climate movement since 2008, supporting it to move forwards and sideways.
“The changes to default Kiwisaver standards reflect the power of citizens coming together to demand climate action. New Zealanders do not want their savings associated with the fossil fuel industry that is most responsible for emissions causing the climate crisis,” said Erica Finnie, Executive Director of 350 Aotearoa.
350 Aotearoa applauds the government’s announcement today that makes Aotearoa the first country in the world to require the financial sector to report on climate risks. 350 Aotearoa was among a majority of submitters that called on the government to introduce mandatory climate-related disclosure during its public consultation period in 2019.