RIAA commented on the New Zealand Government’s second emissions reduction plan, agreeing that it is vital for New Zealand to develop a clear strategy that will be a key driver for investment to transition the country’s economy to net-zero by 2050.
RIAA notes that to foster a stable investment climate, it is crucial for governments to provide policy certainty that reassures financial markets and institutional investors of predictable and consistent regulatory frameworks. Investors require policy and regulatory certainty to inform their investment decision making, which are largely based on an assessment of risk. Where long-term investments are being considered, the impact of uncertainty on decision making is more pronounced. On this basis, RIAA provides general submissions on the approach taken by the New Zealand Government in the proposed second emissions reduction plan, recommending additional clarity and certainty be provided. Submissions on scaling private investment in climate mitigation was made with the benefit of the submission by Centre for Sustainable Finance: Toitū Tahua (CSF), endorsed by RIAA.
RIAA welcomes the commitment by the Government to partner with the CSF for developing the taxonomy and sustainable finance strategy. RIAA works closely with CSF and will continue to do so, sharing its experience in establishing the Australian Sustainable Finance Initiative and our work with the Australian Government on Australia’s sustainable finance taxonomy and sustainable finance strategy. Alongside this partnership with CSF, RIAA looks forward to supporting the New Zealand Government to develop an industry-supported, globally-aligned product labelling framework, informed by its experience operating the Responsible Investment Certification Program.
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RIAA commented on the New Zealand Government’s second emissions reduction plan, agreeing that it is vital for New Zealand to develop a clear strategy that will be a key driver for investment to transition the country’s economy to net-zero by 2050.
RIAA notes that to foster a stable investment climate, it is crucial for governments to provide policy certainty that reassures financial markets and institutional investors of predictable and consistent regulatory frameworks. Investors require policy and regulatory certainty to inform their investment decision making, which are largely based on an assessment of risk. Where long-term investments are being considered, the impact of uncertainty on decision making is more pronounced. On this basis, RIAA provides general submissions on the approach taken by the New Zealand Government in the proposed second emissions reduction plan, recommending additional clarity and certainty be provided. Submissions on scaling private investment in climate mitigation was made with the benefit of the submission by Centre for Sustainable Finance: Toitū Tahua (CSF), endorsed by RIAA.
RIAA welcomes the commitment by the Government to partner with the CSF for developing the taxonomy and sustainable finance strategy. RIAA works closely with CSF and will continue to do so, sharing its experience in establishing the Australian Sustainable Finance Initiative and our work with the Australian Government on Australia’s sustainable finance taxonomy and sustainable finance strategy. Alongside this partnership with CSF, RIAA looks forward to supporting the New Zealand Government to develop an industry-supported, globally-aligned product labelling framework, informed by its experience operating the Responsible Investment Certification Program.
