New Zealand: Business
Insurance companies turn away from coal
6 Aug 2019
Insurance companies are refusing to cover power companies using coal and are extending the ban to coal-mining, analytics company GlobalData says.
Moody's makes move on climate change risks
6 Aug 2019
Moody's, one of the main agencies that rates the creditworthiness of big borrowers, including cities and corporations, has brought on board a data firm specializing in climate risks.
BlackRock drops $90b investing in fossil fuels
2 Aug 2019
BlackRock, the world’s biggest investor, has lost an estimated $90 billion over the past decade by ignoring the financial risk of investing in fossil fuel companies.
Report ranks fashion brands for toxic textiles
30 Jul 2019
An investigation of 14 clothing corporations, each with household-name brands, reveals the inadequacies of greening the fashion industry.
Big Business wants cross-party support for ZCB
24 Jul 2019
Companies responsible for nearly two-thirds of New Zealand’s greenhouse gas emissions are calling for cross-party support of zero-carbon legislation.
LSE reclassifies oil and gas producers
4 Jul 2019
Oil and gas companies listed on the London Stock Exchange have been reclassified under a non-renewable energy category in a move designed to distinguish between heavily polluting companies and greener producers.
Farm co-op makes it 100 for climate coalition
24 Jun 2019
Farmer co-operative LIC is the 100th organisation to join the Climate Leaders’ Coalition.
KELP KILLING: Fortunes being made from seaweed harvest
13 Jun 2019
Growing awareness of the climate crisis and a shift to plant-based diets have turned kelp farming into a thriving industry.
Only one firm signs up to investor guidelines
6 Jun 2019
Just one New Zealand company has signed up to international guidelines on disclosing climate exposure to investors.
Why scarred millennials want to punish business
29 May 2019
Years of economic uncertainty, growing inequality and fear of an inhospitable planet have created two generations prepared to punish companies whose motives they suspect, a new survey shows.
Bosch pledges to be carbon neutral by 2020
14 May 2019
The German conglomerate Bosch has promised to make its entire business carbon neutral by 2020.
Investment firms issue climate warnings
13 May 2019
Two major financial companies are issuing warnings to investors over climate change.
Banks hear they can't ignore climate dangers
23 Apr 2019
The global financial system faces an existential threat from climate change and must take urgent steps to reform, the governors of the Bank of England and France’s central bank have warned.
Amazon employees push Bezos to get busy
15 Apr 2019
More than 4500 Amazon employees have urged the company to take aggressive action on climate change and reduce its carbon footprint.
Reserve Bank joins Pacific climate initiative
8 Apr 2019
New Zealand’s Reserve Bank is joining central banks across the Pacific in preparing for the impacts of climate change on the region’s monetary systems.
Power companies eye EV-charging potential
8 Apr 2019
With electric vehicle sales climbing, utilities are investing in thousands of new EV charging stations, recognising that if they don't move now, they could lose out on a growing and increasingly competitive market.
Saudi oil company world's most profitable business
4 Apr 2019
Saudi Arabia’s state oil company has emerged as the most profitable business in the world, racking up profits of $111.1bn in 2018 to overtake Apple.
What Warren Buffett thinks about climate change
26 Mar 2019
Warren Buffett’s home state of Nebraska is dealing with the aftermath of record flooding, but don’t expect the billionaire investor to jump to the conclusion that climate change is responsible.
Big emitters join hands to buy carbon forests
15 Mar 2019
Four of New Zealand’s largest emitters are joining forces to supply their own carbon credits to meet obligations under the Emissions Trading Scheme.
Sorry, says expert, but Bitcoin can't be green
15 Mar 2019
Bitcoin can’t be green – even when it is powered by renewable energy, an expert says.
Report puts boardrooms on carbon liabilty notice
26 Feb 2019
The days of ignoring carbon prices and the risks associated with climate change are over, businesses are being told.
Insurers warn of slump in property prices
26 Feb 2019
Insurers say there is a risk of a climate change-related slump in property prices leading to financial turmoil.
Sustainability grows on private equity companies
26 Feb 2019
A new PwC survey has found that responsible investment and sustainable development are become more of a priority for private equity companies.
Why Gen Z has real power to influence business
29 Jan 2019
Armed with social media and growing economic clout, Gen Z is best positioned to influence business practices, rather than global climate agreements.
NZX firms drag chain on sustainable reporting
26 Nov 2018
Companies on the New Zealand Stock Exchange have a long way to go on sustainable reporting, a new report shows.
Campaigners take aim at NZ-owned banks
22 Nov 2018
Three New Zealand-owned banks are the new targets of anti-fossil-fuel campaigners.
Big Business backs cuts to industry emissions
21 Nov 2018
A coalition of business leaders known as the Energy Transitions Commission has backed proposals for radical changes to industries, including steel, cement, shipping and aviation, to cut their greenhouse gas emissions.
Blockchain takes politics out of carbon play
15 Nov 2018
Businesses will soon be able to price and trade carbon without the help of governments by using blockchain technology, says a social enterprise about to launch a new carbon platform.
FUNDING FUTURE: Why green will rule over brown
15 Nov 2018
Directors of companies in the “brown” economy might struggle to attract money as investors switch to the green economy, says Chapman Tripp.
Bitcoin mining takes twice the effort
7 Nov 2018
The amount of energy required to mine one dollar’s worth of bitcoin is more than twice that required to mine the same value of copper, gold or platinum.
OPINION: It would help if companies paid their taxes
6 Nov 2018
By WAYNE SWAN | Less fiscal revenue means less money for vital infrastructure and less money to prepare for the effects of natural disasters.
Pioneering carbon investment fund opens doors
24 Oct 2018
A carbon investment fund six years in the making is open for business.
New power group takes aim at finance system
23 Oct 2018
Key companies and government officials are joining forces to prepare New Zealand’s financial system for the low-carbon economy.
Recycle grant helps firm to take back products
19 Oct 2018
An Auckland company which promises to take back its products has won a Government grant to help it to recycle.
Make nature your business, urges academic
28 Sep 2018
Companies are being told to take a hard look at what they can do for New Zealand’s struggling biodiversity – because it’s good for business.
New report criticises slow disclosure
28 Sep 2018
Another report just released says companies are slow to disclose the financial implications of climate risk for their businesses.
Corporate tree-planting not always a good thing
28 Sep 2018
Eager-to-please businesses might earn goodwill by planting trees, but sometimes their actions are not good news for the planet.
Businesses make it to EECA finals
13 Sep 2018
Finalists in this year’s EECA Business Awards range from the country’s largest company to a thermal hot-pool operator.
Can big business and the environment get along?
11 Sep 2018
Sustainability can bring benefits to everybody – including company execs with their eyes on the bottom line.
NZ eco-friendly footwear wins backing of Leonardo DeCaprio
3 Sep 2018
Eco-friendly shoe brand Allbirds, founded by a New Zealander, has received investment from actor Leonardo DiCaprio.
Greenhouse emissions must be cut, says Ardern
28 Aug 2018
Cutting New Zealand’s greenhouse gas emissions was on the Prime Minister’s menu at a business breakfast in Auckland this morning.
Beware of cherry-picking, study tells businesses
28 Aug 2018
Companies might be cherry-picking sustainability measures that make them look good, with greenhouse gas emissions one of the least-reported factors.
Public wants green-guilt companies to foot bill
21 Aug 2018
The public wants companies responsible for climate change held accountable, a new survey shows.
Company wins $3.1m to recycle industrial waste
21 Aug 2018
Auckland company Green Gorilla has won a $3.1 million government grant to recycle commercial and industrial waste.
Sustainable investments outperform the market
17 Aug 2018
Companies which invest on the basis of environmental concerns often receive higher returns, new research shows.
Facebook leads record clean power purchases
17 Aug 2018
Corporations, led by Facebook, are purchasing more clean energy than ever, with 2018 already exceeding the record-amount set last year.
Businesses reluctant to factor in carbon prices
9 Aug 2018
Carbon prices rarely influence businesses’ decisions to install energy-efficient plant, according to a new report examining the market’s failure to drive down greenhouse gas emissions in the energy sector.
Firms failing to disclose climate risks, says group
9 Aug 2018
Environmental group ClientEarth has reported a number of UK insurance firms for failing to disclosure their level of exposure to climate risks in annual reports.
Don't force carbon-risk disclosure, says board
6 Aug 2018
Carbon-risk disclosure by companies should not be prescriptive, the External Reporting Board is warning.
Green's anti-mining bill drawn from ballot
11 Apr 2025
The Green Party's Crown Minerals (Prohibition of Mining) Amendment Bill has been drawn from the ballot and will be debated in Parliament.
Winter’s tale of electricity market woes
17 Apr 2025
A study of last winter’s events in the electricity market has confirmed that the major players suffered from high prices, and there was little or no indication of them gaming the market with their wholesale pricing.
Fonterra linked to illegal deforestation, claims Greenpeace
5 Mar 2025
Dairy giant Fonterra's supply chain is linked with illegal deforestation, according to Greenpeace Aotearoa, after New Zealand's major importers of palm kernel have been found to be illegally operating palm plantations in Indonesia.
NZ's emissions fell 2% in 2023 - latest GHG inventory
15 Apr 2025
Aotearoa New Zealand’s gross greenhouse gas emissions reduced by 2% in 2023, according to the latest greenhouse gas inventory.
Peters unveils plans for rail-enabled interisland ferries
1 Apr 2025
Two new rail-enabled ferries will arrive by the end of 2029, but the costs remain under wraps.
Commissioner calls for urgent reform of carbon forestry in ETS
10 Apr 2025
The Parliamentary Commissioner for the Environment is calling on the Government to remove forestry from the New Zealand Emissions Trading Scheme, warning that the country’s flagship climate policy is entrenching risky land use decisions and undermining long-term emissions reductions.
