Climate

Diagram of CoFR climate change activities
sourced from RBNZ Climate Changed Report

NZ regulation of financial aspects of climate change

Climate-related disclosures (CRD)

COP26 Glasgow climate conference (Nov 2021)

Emissions reduction

Insurance

United Nations Environment Programme (UNEP) Finance Initiative: Principles for Sustainable Insurance (PSI) unepfi.org/psi

Directors duties and other legal considerations

Scenarios

Central Banks and Supervisors: Network for Greening the Financial System (NGFS)

MfE says that climate risk scenario guidance will be released by the end of 2021.

MfE A guide to local climate change risk assessments

APRA Climate Vulnerability Assessment (Sep 2021)

Values (and integrated reporting)

Financial Markets Authority: FMA's role in an integrated financial system (Dec 2020)

Other

Ministerial releases

Climate Action Tracker

NZ SeaRise

The nine planetary boundaries (Stockholm Resilience Centre)

  • ozone depletion

  • biodiversity loss: biodiversity intactness index (BII) and extinctions per million species-years (E/MSY)

  • novel entities: things created and introduced into the environment by humans that could have disruptive effects on the earth system, including synthetic organic pollutants, radioactive materials, genetically modified organisms, nano-materials, and micro-plastics

  • climate change: including melting polar sea-ice and destruction of rainforests

  • ocean acidification

  • freshwater use

  • land system change

  • nitrogen and phosphorus flows

  • atmospheric aerosol pollution

1.5 project (NZ)

The 17 sustainable development goals (UN)

  1. no poverty

  2. zero hunger

  3. good health and well-being

  4. quality education

  5. gender equality

  6. clean water and sanitation

  7. affordable and clean energy

  8. decent work and economic growth

  9. industry, innovation and infrastructure

  10. reduced inequalities

  11. sustainable cities and communities

  12. responsible consumption and production

  13. climate action

  14. life below water

  15. life on land

  16. peace, justice and strong institutions

  17. partnerships for the goals