Evaluating the effectiveness of climate reporting
The External Reporting Board has appointed the University of Otago to assess the effectiveness of the climate-related disclosure framework.
Thursday, June 15th 2023, 4:29PM 
2 Comments
by Andrea Malcolm
The multi-year research project will be led by Dr Sebastian Gehricke, director of Otago’s Climate and Energy Finance Group.
The aim of the Climate Standards is to support the allocation of capital towards activities consistent with the transition to low-emissions and climate resilience.
Understanding whether the disclosure framework is contributing to business, investment, lending and insurance underwriting decisions is fundamental to delivering on that aim.
A final report expected in late 2025.
Earlier this, research by Otago’s Climate and Energy Finance Group won an INFINZ award for revealing that Australasian fund managers which were part of a climate-related initiative had more carbon-heavy portfolios than investments managers who weren’t.
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A recent survey of businesses found that in the business sector there is high discontent with the current government. They are seen as incompetent, interfering, bereft of knowledge of issues affecting the business sector, and failing across a wide range of non-business fields as well.
This government seems unable to achieve anything substantial accept adding more cost & complexity to business. This might be music to the ears of the ever-burgeoning number of Wellington bureaucrats but as the country now struggles to come out of recession, we simply cannot afford to have ideological driven regulation applied to an industry as critical for a recovery as financial services.