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Rules for calculating climate risk in financial reporting by NZ businesses need revisiting – new research

  • Written by Martien Lubberink, Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington
Rules for calculating climate risk in financial reporting by NZ businesses need revisiting – new researchAndrew MacDonald/Getty Images

The recent International Court of Justice (ICJ) decision on climate action marked a significant step forward in formalising an idea many already accept: climate inaction is not merely a policy failure, but potentially a breach of legal duty by governments.

The court’s opinion is not legally binding but establishes...

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