Climate engagement
Climate engagement in New Zealand
We collaborate with other government-owned investors to engage with New Zealand companies on climate change. Our joint position statement on climate change guides our direct engagement with large New Zealand companies, particularly those listed on the NZX50.
The collaboration includes the Accident Compensation Corporation, Government Superannuation Fund Authority, National Provident Fund Authority, and the NZ Super Fund. All four funds are committed to achieving net zero portfolios by 2050.
A mandatory climate-related disclosure regime is in place for certain large financial market participants in New Zealand, including listed New Zealand companies and financial institutions. Our engagements with New Zealand companies aim to:
- Understand their progress on climate change awareness, capability, and commitments.
- Ensure they meet regulatory requirements on climate-related disclosures and reporting.
- Support their transition by sharing knowledge of climate change risks and opportunities.
- Understand how their plans align with our net zero commitments over time.
We report publicly on the number of engagements and overall progress in our Stewardship Report, while individual engagements remain confidential.
Global climate engagement
Our global engagements on climate change are conducted through international collaborations with other investors and a specialist engagement service for global equities. This approach allows us to reach a wider audience and leverage the collective influence of large international investors.
Climate change is also a key focus for our engagement services provider, Columbia Threadneedle Investment. Their Responsible Engagement Overlay (reo®) service engages with hundreds of companies on our behalf. Climate change is a high priority area for engagement.
CTI reo® plays an active role in CA100+. Read the latest CTI Engagement Reports.
Through our membership of ACSI we engage on climate change with ASX300 companies. Climate change is one of ACSI’s priority engagement themes. Read ACSI’s Stewardship Reports.
We exercise our voting rights in listed equities globally and in New Zealand. Our voting guidelines support proposals for companies to manage climate risks and report on emissions.
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