New climate reporting standards

The government is in the process of introducing mandatory climate reporting for investment managers deemed climate reporting entities. The new regime will be introduced through an amendment to the Financial Markets Conduct Act 2013. It will require organisations to consider how climate-related risks and opportunities are assessed and managed within their risk management framework. As the Bill is currently drafted, UniSaver falls outside the definition of a climate reporting entity. However, we are interested in participating on a voluntary basis as part of our commitment to good governance and responsible investment.