1410 (2025). Chlöe Swarbrick to the Minister of Commerce and Consumer Affairs

1410 (2025). Chlöe Swarbrick to the Minister of Commerce and Consumer Affairs: Who is the Ministry of Business, Innovation, and Employment referring to in its Adjustments to the climate-related disclosures regime discussion document when it states that some issuers are substantially disadvantaged by the climate-related disclosures regime?

Hon Andrew Bayly: Various stakeholders including climate reporting entities have raised concerns with me about the climate-related disclosures regime settings including that: • New Zealand issuers face a competitive disadvantage when the New Zealand and Australian settings are compared • the climate reporting requirements may provide a disincentive to listing • the potential for deemed director liability is causing directors to take an unduly cautious approach to reporting. Given these concerns, I am undertaking public consultation to gain further information and evidence about these matters.