Submission date: November 2021
Submissions
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New Zealand
External Reporting Board – Aotearoa New Zealand Climate Standard 1: Governance and Risk Management
Summary
The External Reporting Board sought feedback on its draft Standard to frame how New Zealand investors and large publicly listed companies will disclose their climate change risks, under new laws set to take effect in 2022 (first reporting in 2023).
Submission date: November 2021
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New Zealand
Ministry for the Environment Emissions Reduction Plan
Summary
The Emissions Reduction Plan will set out how New Zealand will meet its first emissions budget (2022-2025) and set the path towards meeting our long-term climate targets. It is a key step in the country’s transition to a low emissions future.
Submission date: July 2021
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Global
CFA Institute – ESG Disclosure Standards for Investment Products
Summary
CFA Institute is developing voluntary, global industry standards, the CFA Institute ESG Disclosure Standards for Investment Products, to establish disclosure requirements for investment products with ESG-related features. The purpose of the Standards is to provide greater transparency and consistency in ESG-related disclosures, resulting in clearer communication regarding the ESG-related features of investment products.
Submission date: July 2021
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Australia
APRA Draft Prudential Practice Guide CPG 229 Climate Change Financial Risks
Summary
The Australian Prudential Regulation Authority (APRA) released for consultation its draft guidance to banks, insurers and superannuation trustees on managing the financial risks of climate change.
The draft Prudential Practice Guide CPG 229 Climate Change Financial Risks (CPG 229) is designed to assist APRA-regulated entities in managing climate-related risks and opportunities as part of their existing risk management and governance frameworks.
Submission date: April 2021
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Australia
Inquiry into the prudential regulation of investment in Australia’s export industries
Summary
On Wednesday, 17 February 2021, following a referral from the Hon Keith Pitt MP, Minister for Resources, Water and Northern Australia the Joint Standing Committee on Trade and Investment Growth resolved to inquire into and report on the prudential regulation of investment in Australia’s export industries.
Submission date: April 2021
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New Zealand
Climate Change Commission’s draft recommendations to Government
Summary
On 1 February 2021 the NZ Climate Change Commission began consultation on its draft advice to Government. It asked Aotearoa to share their views on climate action and the recommendations they were proposing.
Submission date: March 2021
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Australia
Your Future Your Super Fiduciary duty – draft exposure bill
Summary
The Government’s Your Future, Your Super (YFYS) package – announced in the 2020-21 Budget – is a comprehensive package of reforms designed to make sure the superannuation system delivers better outcomes for members.
The Government invited public consultation on its Exposure Draft Regulations and Explanatory Statement for YFYS and associated measures.
Submission date: February 2021
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New Zealand
FMA Proposed guidance on advertising offers of financial products under the Financial Markets Conduct Act 2013
Summary
The Financial Markets Authority sought views on its proposed guidance on advertising offers of financial products under the Financial Markets Conduct Act 2013. The proposed guidance set out its expectations of what good conduct in the advertising of financial products would look like.
Submission date: December 2020
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View Inquiry Hansard
Australia
Climate Change (National Framework for Adaptation and Mitigation) Bill 2020 and the Climate Change (National Framework for Adaptation and Mitigation) (Consequential and Transitional Provisions) Bill 2020
Summary
In November 2020, independent MP, Zali Steggall OAM, introduced two climate change bills to Parliament. The bills set out a clear framework for national plans to be put in place and updated by the Australian Government, and for progress to be rigorously monitored and reported.