Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZX guidelines put NZ on a path to global best practice

NZX guidelines put NZ on a path to global best practice

The Sustainable Business Council welcomes the new Corporate Governance Codes released by the New Zealand Stock Exchange (NZX), asking companies to report on environmental, social and corporate governance matters.

Executive Director Abbie Reynolds says this introduces environmental, social and governance disclosure for listed companies.

"Around the world an increasing number of stock exchanges are making it mandatory for companies to report on their sustainability performance. This is because there is a greater demand for transparency. Investors and consumers are pushing for it and want a more holistic view of company performance.

"This move brings New Zealand more in line with a global shift toward greater transparency in the way businesses report and share their financial, social and environmental plans and performance. This is global best practice.

"We are pleased to see the NZX has adopted a number of the recommendations made by the Sustainable Business Council in its submission - including the ‘report or explain’ approach on how non-financial targets are measured".

BusinessNZ Chief Executive Kirk Hope says New Zealand companies will benefit from sustainability reporting.

"Customers and investors increasingly want reporting on environmental and social performance, and NZX’s guidelines will help companies fully inform stakeholders in a manner consistent with world best practice," Kirk Hope says.

SBC’s Sustainable Leadership Manager Robert Perry says SBC members are already required to produce a sustainability report, integrated report or public account, which demonstrates progress on sustainability.

"The revised NZX Code underlines the progress we are already seeing from all of our members, which include small to large businesses".

For more information, please contact Renee Graham, Communications Manager, SBC.

SBC can supply journalists with examples of member companies already reporting on sustainability.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Fish & Game Support: Canterbury Officer Of Health Warns On Nitrates In Water

"Nitrate testing of 114 drinking water samples from across the Canterbury plains showed that more than half of them were above the level considered safe in the world's largest ever study on the impacts of nitrates in drinking water." More>>


Partnerships Investment Round: Government Invests In Cancer Research, Pines, Ryegrass

The Government will invest $14.4 million into transformative new scientific research programmes including cutting-edge cancer treatment and vertical farming, Research, Science and Innovation Minister Megan Woods announced today. More>>


Stats: Net Migration Remains High

“Since late 2014, annual net migration has ranged between 48,000 and 64,000,” population indicators manager Tehseen Islam said. “The only previous time net migration was at these levels was for a short period in the early 2000s.” More>>


Retail: Costco To Open First NZ Store At Westgate In Auckland

American multi-national discount store operator Costco Wholesale is planning to open its first New Zealand store at the Westgate shopping centre in Auckland’s north-west. More>>


RNZ Report: Fungal Disease Claims Life Of Seventh Kākāpō

A seventh kākāpō being treated for the respiratory disease aspergillosis has died. Nora 1-A was just over 100 days old and was the sickest of the kākāpō being treated at the New Zealand Centre Conservation Medicine at Auckland Zoo. More>>