New Zealand’s climate reporting regime: key updates for directors

New Zealand’s climate reporting landscape is entering a period of significant change, with new thresholds, evolving regulatory expectations and shifting international standards reshaping the compliance environment. For directors, these developments bring both clarity and complexity.

This briefing outlines MBIE’s 2025 decisions on adjustments to the climate reporting regime, including the substantial increase in reporting thresholds and the removal of Managed Investment Scheme managers from mandatory reporting.

It also summarises the FMA’s ‘no-action’ approach taking effect from November 2025, upcoming XRB and FMA consultations, and key considerations for entities exiting the regime – particularly around investor expectations, fiduciary duties, legal exposure and access to credit and insurance.

The briefing also includes a snapshot of emerging climate disclosure requirements across New Zealand’s key export markets, highlighting why voluntary reporting and continued climate risk governance remain strategically important – even for organisations no longer captured by the regime.

Download the full briefing to understand what’s changing, what remains expected of directors, and how to stay aligned with both domestic and global practice.

Download the briefing