New Zealand Tables Law Asking Financial Firms To Consider Climate Risks

In a historic move, New Zealand on April 13 introduced a legislation that will mandate financial firms to chalk out plans related to climate-related risks and opportunities. Reportedly, banks, insurers, and wealth management firms listed on the country's stock exchange will now have to report about how their investments are impacting the climate. With this initiative, the country aims to achieve the net-zero carbon emissions goal by 2050.