RBNZ stresses need for clarity on climate disclosures

The Reserve Bank of New Zealand says policy-makers should work together to harmonise taxonomies aimed at making climate disclosures easier.

In response to a draft report from the government’s Climate Change Commission, the RBNZ said taxonomies defining asset classes could aid efforts at consistent disclosure and reporting.

“Without a definition of what ‘counts’ as ‘green’ there is a risk of greenwashing and a lack of additionality,” the RBNZ said. Current taxonomies widely used around the