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How is the impact of climate change reflected in the financial statements of the NZX50?

An analysis of NZX50 31 March 2022 reporters

Environmental, Social and Governance factors (ESG) are now one of the key considerations for many stakeholders, including investors.

Climate risk, in particular, is a focus area with a number of investor groups becoming increasingly vocal about how the impacts of climate change are reflected in financial statements.

This report is an analysis of the annual reports of the 31 March 2022 NZX50 reporters. We examine how climate-related impacts on the financial statements are disclosed and how auditors have considered climate-related impacts in key audit matters. 

Key findings

Financial statements of the NZX50 - Pictogram 6

15 businesses on the NZX50 with March year ends have completed their financial reporting.

Financial statements of the NZX50 - Pictogram 5

3 reporters discussed the impact of climate-related risks in their financial statements.

Financial statements of the NZX50 - Pictogram 5

0 businesses included a quantification of the impacts of climate risk in the financial statements.

Financial statements of the NZX50 - Pictogram 4

9 reporters included some non-financial climate-related information.

Financial statements of the NZX50 - Pictogram 2

7 entities included non-financial climate related information in the front-half of their annual report and 2 businesses published this information in a separate sustainability report.

Financial statements of the NZX50 - Pictogram 3

4 companies mentioned the use of green finance.

Financial statements of the NZX50 - Pictogram 1

2 reports included mention of climate change in KAMs.

Contact us

Karen Shires

Karen Shires

Chief Risk & Reputation Officer, PwC New Zealand

Tel: +64 21 501 043

Jonathan Skilton

Jonathan Skilton

Partner, PwC New Zealand

Tel: +64 21 355 879

Tiniya du Plessis

Tiniya du Plessis

Partner, PwC New Zealand

Tel: +64 21 495 856

Mariann Trieber

Mariann Trieber

Executive Director, PwC New Zealand

Tel: +64 21 062 1812

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