ESG Flashcards
What is the purpose of NZ’s climate reporting standards?
“The ultimate aim of NZ Climate Standards is to support the allocation of capital towards activities that are consistent with a transition to a low-emissions, climate-resilient future.”. It does this by looking at both future climate related risks and opportunities, and trying to quantify current impacts. There are 3 standards that cover 4 key areas; Governance, Strategy, Risk Management and Metrics & Targets.
What are the objectives of a company and who’s interests does a company work for?
Traditionally the objective of a company is to generate profit for shareholders, and thus operate in the interest of shareholders. However, it is a growing view that companies should work in the interests of all stakeholders.
