Vero warns losses to rise 26% by 2050 over extreme weather
Today 11:00am
By Shannon Morris-Williams
Extreme weather could drive a 19-26% spike in annual insurance losses by 2050, fuelled by rising seas and more intense flooding, according to Vero’s latest Climate-Related Disclosures Report.
The insurer warns that without stronger national investment in resilience and adaptation, costs will escalate and cover could become less accessible for some communities.
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Story copyright © Carbon News 2025
FMA grants temporary 'no action' relief for for firms set to exit climate reporting regime
Today 11:00am
The Financial Markets Authority has announced it won't take action against companies expecting to fall out of mandatory climate reporting obligations, if they fail to lodge climate statements while the law changes are pending.
Climate reporting rollback raises risk of 'flying blind', experts warn
Tue 28 Oct 2025
By Shannon Morris-Williams | Government plans to drastically narrow mandatory climate disclosures may reduce compliance costs in the short term – but critics say it will leave New Zealand with major blind spots in tracking climate risk.
Govt to ease climate reporting thresholds, water down liability
22 Oct 2025
By Pattrick Smellie | The rollback of climate change reporting requirements has produced a wave of relief in corporate New Zealand as managed investment funds and listed companies with annual revenue under $1 billion are exempted.
Climate credibility gap widening for Aussie firms
1 Oct 2025
By Pattrick Smellie | Australian public companies’ climate change commitments are in retreat, reflecting difficulty in achieving stated targets and increased fossil use, but not because of any pressure to make less effort, according to a study of major companies’ ESG reporting.
Carbn buys out govt-owned NZGIF stake
23 Sep 2025
By Liz Kivi | Sustainable vehicle fleet and car sharing company Carbn has moved to full private ownership following a management buyout of New Zealand Green Investment Finance’s shareholding.
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
XRB consults on delaying climate reporting requirements
4 Sep 2025
The External Reporting Board is proposing a further two years relief for companies to adopt anticipated financial impacts reporting and scope 3 greenhouse gas emissions reporting and assurance.
Climate-friendly investment still lagging in NZ
2 Sep 2025
While local financial firms have made recent strides in climate governance and emissions reporting, New Zealand’s institutional investors are still missing in action when it comes to backing clean technologies and climate solutions, according to a new report.
Why climate strategy is now central to business success
26 Aug 2025
SPONSORED CONTENT: Ahead of next month’s Climate Change and Business Conference, New Zealand businesses are being urged to treat climate strategy not as a regulatory burden, but as a core driver of economic competitiveness.
