Capital markets reform submission supports reassessment of liability provisions

In December 2024 a series of proposed reforms aimed at revitalising the nation's capital markets were released for consultation by the Ministry of Business, Innovation and Employment (consultation closed on 14 February 2025). 

A significant aspect of these reforms centred on the climate-related disclosures (CRD) regime, with a particular focus on director liability.

In our submission on the proposals, we expressed strong support for mandatory climate reporting, recognising it as vital for a sustainable future and a tool to support climate action. We emphasised that while legislation is crucial for promoting transparency and accountability, it must strike a balance to avoid stifling meaningful disclosures. By reassessing liability provisions, policymakers can foster an environment that encourages honest, forward-thinking reporting, ultimately contributing to a sustainable future.

 

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