RIAA welcomes the FMA providing guidance on how climate statements should be referred to in disclosure documents, recognising that the climate-related disclosure (CRD) regime and the information in climate statements are likely to be material information that may influence an investor’s decision making.
RIAA made suggestions to improve the guidance to better reflect this materiality, particularly:
– for offers under initial public offerings;
– at the early stage of the CRD regime, where there is likely to be a broad variance to the quality of disclosure in the climate statements, outside of any question of compliance; and
– for aspects of the CRD regime which overlap with the content requirements of disclosure documents.
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RIAA welcomes the FMA providing guidance on how climate statements should be referred to in disclosure documents, recognising that the climate-related disclosure (CRD) regime and the information in climate statements are likely to be material information that may influence an investor’s decision making.
RIAA made suggestions to improve the guidance to better reflect this materiality, particularly:
– for offers under initial public offerings;
– at the early stage of the CRD regime, where there is likely to be a broad variance to the quality of disclosure in the climate statements, outside of any question of compliance; and
– for aspects of the CRD regime which overlap with the content requirements of disclosure documents.
