Parliament’s environment watchdog says banks can’t afford to turn a blind eye to climate risks

Posted: 01 Apr 2025

Simon Upton, the Parliamentary Commissioner for the Environment, told the Government’s banking inquiry this on Monday where he advised MPs to turn their attention to providing “some certainty” around the Government’s framework for climate adaptation.

In Upton’s view, this means helping the public to understand climate risks and to clarify the extent to which taxpayers will stand as a risk “backstop.” Upton described this as becoming an “increasingly urgent priority”.

Read more on interest.co.nz.