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New Zealand Raises Climate-Disclosure Threshold Amid Criticism

10/23/2025

Summary

Story summary

New Zealand raises the climate-disclosure threshold from NZ$60 million to NZ$1 billion.
Commerce Minister Scott Simpson says higher thresholds reduce compliance costs, up to NZ$2 million.
The reforms aim to support business growth while maintaining robust disclosures.
Critics argue the changes signal retreat from climate commitments and could harm reputation.
The reforms will be included in the Financial Markets Conduct Amendment Bill, which is expected to pass next year.

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Story summary

New Zealand raises the climate-disclosure threshold from NZ$60 million to NZ$1 billion.
Commerce Minister Scott Simpson says higher thresholds reduce compliance costs, up to NZ$2 million.
The reforms aim to support business growth while maintaining robust disclosures.
Critics argue the changes signal retreat from climate commitments and could harm reputation.
The reforms will be included in the Financial Markets Conduct Amendment Bill, which is expected to pass next year.