“Sustainable development and climate change are two sides of the same coin.”
– Ban Ki-moon
New Zealand has signed up to ambitious climate change and sustainable development goals in the context of growing global challenges and ecological and climate instability. There is increasing awareness that climate and sustainability risks are financial risks, and need to be reflected in corporate decision-making. There is a defined gap between what we, as a nation, are trying to achieve and the funding needed to get there.
As global financial markets begin to shift their focus to better align with sustainability, New Zealand has the opportunity to create an early mover advantage.
We need to ensure change and financial health go hand in hand.
Other countries have led the way, laying out roadmaps to sustainable finance. We can draw from their experiences.