Fund managers ask for a pause in auditing of climate reports
Boutique Investment Group (BIG) chair Simon Haines says under proposals sent to commerce minister Andrew Bayly and climate minister Simon Watts, fund managers would still include emissions data without assurance and a warning statement.
Under New Zealand’s climate standards, auditing will become mandatory for greenhouse gas emission (GHG) disclosures for reporting periods ending Oct 27, 2024 and beyond.
But based on NZ fund managers’ experience of trying to get assurance earlier, the group wants the deadline pushed out until at least one year after Australian fund managers have been required to do the same.
Fund managers don’t report on their own emissions but the aggregate of the companies and non-listed entities they invest into. They mainly use third party data providers and there is a wide range of inconsistency between data collection methods and the level of disclosure available globally.
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