CLIMATE-RELATED DISCLOSURES SERIES

CRD : KEY LEARNINGS FROM THE FMA’S MONITORING REPORT

6 March 2025
Lunch 12pm to 2pm 

MinterEllisonRuddWatts
Level 22, PwC Tower
15 Customs Street West
Auckland CBD



KEY LEARNINGS FROM THE FMA’S MONITORING REPORT

Did the first Climate Statements hit the mark?


Released in January 2023, the Aotearoa New Zealand Climate Standards were a world first.  Aotearoa New Zealand was held-up as a global leader.  

With the Financial Markets Authority (FMA) releasing their First Monitoring Report into the inaugural set of Climate Statements in December 2024, this lunch session will discuss and analyse their report. It will then outline the practical implications preparers could consider when preparing their next Climate Statements.  

  • What are the FMA’s key findings from the first set of Climate Statements?
  • Are they delivering on the key objectives of the standards?
  • What are the implications for Preparers?
  • What are practical actions Preparers could consider when improving their Climate Statements?

BACKGROUND

The Aotearoa New Zealand Climate Standards have two key objectives.  The first is to provide a consistent framework for entities to consider their climate-related risks and climate-related opportunities so that Primary Users can assess the merits of this assessment so that investment decisions can be made.  The second is to support the allocation of capital towards activities that are consistent with the transition to a log-emissions, climate-resilient future. 

These disclosures are ultimately about transparently and honestly describing how your entity will position itself as the global and domestic economy transitions.  The standards themselves provide a valuable and robust framework to build organisational resilience, with capital directed to those activities and entities that are making the transition. 


BENEFITS & OUTCOMES

In this interactive lunch session kindly hosted by Minter Ellison Rudd Watts, you will hear from the Financial Markets Authority and a selection of specialists to discuss their initial impressions of the first set of Climate Statements. 

In this interactive lunch session kindly hosted and facilitated by MinterEllisonRuddWatts, you will hear from the FMA to discuss key observations from their First Monitoring Report into the Climate Statements and how they will be assessing the statements going forward.  

The FMA will deep dive into the four main themes of their observations:

  • Fair presentation
  • Materiality
  • Scenario analysis and integration with other disclosures
  • Consistency and coherence (including with Financial Statements)

The FMA will then cover their expectations for the second year of reporting and expectations around requirements covered by adoption provisions.  

It will then outline the practical implications preparers could consider when preparing their next Climate Statements. 

There will also be opportunities for participants to ask questions. 


WHO SHOULD ATTEND

This event is designed for Climate Reporting Entities, in particular corporate equity and bond issuers.  The session would be of most interest to directors and senior executives accountable for reviewing and approving either/or the Climate Statement or the Financial Statement for their organisation, including:

  • Directors
  • Chief Executive Officers of corporates and Managed Investment Schemes
  • Chief Financial Officers and Treasurers
  • Heads of Investment in Managed Investment Schemes
  • Senior Risk Managers
  • Legal, and Investor Relations teams
  • Sustainable/Responsible Investment Managers from Managed Investment Schemes
  • Senior Sustainability Managers
  • Strategic, legal and financial advisors to the C-suite.

ABOUT THE AOTEROA NEW ZEALAND CLIMATE STANDARDS

The Aotearoa New Zealand Climate Standards came into force on 1 January 2023 and apply to Climate Reporting Entities that are required to report under the Financial Markets Conduct Act 2013.

The Standards have two objectives:

  • To provide a consistent framework for entities to consider the climate-related risks and climate-related opportunities that climate change presents for their activities over the short, medium and long-term. This is to enable Primary Users to assess the metrics of how entities are considering those risks and opportunities, and to make (investment) decisions based on these assessments.
  • To support the allocation of capital towards activities that are consistent with the transition to a log-emissions, climate-resilient future.

Date and Time

6th March 2025
MinterEllisonRuddWatts
Level 22, PwC Tower
15 Customs Street West
Auckland CBD  


Time: 12pm - 1.45pm
Light lunch then formalities from 12.30pm


Speakers

MinterEllisonRuddWatts


West Nine Consulting


Cost & Registration

Members
$35.00

Non-members
$80.00

Note: All prices include GST and are represented in New Zealand Dollars. Regrettably, registration fees cannot be refunded when cancellations are received within three working days prior to any event.


CONTACT details AND HOW TO REGISTER

Email Faith Taylor on support@infinz.com to register

or

Iona Gibbs on admin@infinz.com to enquire about membership

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