New Zealand has introduced a new law that will require all financial institutions to report the impacts of climate change on their businesses. Companies within the financial sector, like banks and insurers, must give a detailed report of climate change impacts on their businesses as well as information on how they handle climate-related risks and opportunities. New Zealand’s Commerce and Consumer Affairs Minister David Clark said in a statement that all sectors of the country must participate in addressing climate change. Related: New Zealand targets carbon neutrality by 2025 amidst climate emergency “It is important that every part of New Zealand’s economy is helping us cut emissions and transition to a low carbon future,” Clark said.