KPMG New Zealand

Insurers – are you ready for year-end financial reporting? Our guides to financial reporting have been developed to provide clear guidance on the required presentation and disclosures for an insurer in the ‘post transition’ state. Enhance the quality and transparency of your financial statements with KPMG's updated illustrative disclosures guide: https://lnkd.in/eucfVtrD #IFRS17 #IFRS9

"Come together, right now, over change". In the last of our Newsroom NZ series, KPMG Partner Alec Tang explores the importance of collaboration and partnerships if we're to successfully address climate and sustainability issues. #collaboration #partnerships #climate #sustainability

Alec Tang, Partner, Sustainable Value takes you through how to set your organisation up for success through transition planning in today’s podbite episode. Transition planning asks the ‘so what’ question: so, what is your business going to do in response to what it has learnt and to move towards a climate resilient, low carbon future? Hear Alec’s three key tips below. Listen to this episode and catch up on last week’s episode hosted by Alastair Marsden, Director, Deal Advisory, who explores the topic of the internal price of carbon, including the foundational steps to take when setting the price and the requirement to make this disclosure under the climate standards: https://lnkd.in/gnZNC36z    Sign up for our regular insights and news on trends impacting New Zealand organisations: https://lnkd.in/d-i2QmGV  

Last week, we hosted a Climate Reporting Learn & Share afternoon to discuss learnings from the past year’s preparation and reporting of climate-related information as well as what to expect for the coming year.    Hosts Ronja Lidenhammar and Sanel Tomlinson also covered the proposed changes to the requirements and how these may impact on the next reporting cycle.    Thanks to all those who came to connect and share kōrero with our team. Get in touch with our IMPACT team today if you want to discuss any of the requirements and how best you can meet them: https://lnkd.in/gFGkPiTB

Regardless of whether a climate reporting entity has prepared voluntary climate reporting before, the consensus is that the move to the Aotearoa New Zealand Climate Standards is a significant step up and there were a lot of lessons learned along the way. We developed Lessons from the front line in collaboration with Institute of Directors in New Zealand & Chapter Zero New Zealand through conversations with those who have first-hand experience delivering and using mandatory climate statements. Directors, preparers and users of climate-related disclosures have shared their experiences, challenges, and lessons.  Their advice aims to help others, whether captured by the Standards or not, to better understand what is required and how to generate value from climate reporting. Download the report and read more here: https://lnkd.in/gQbyWBSj Sanel Tomlinson

Namaste, Sat Sri Akal and Vanakkam! We have a proud tradition of celebrating Diwali with vibrant enthusiasm and joy. Celebrations across KPMG New Zealand kicked off today as our Board Chair, Matthew Prichard and our Ethnicity Network Lead Partner, Bineeta Nand, shared a special message and lit the diya to commence our festivities. We wish you and your whānau a Happy Diwali. May this Diwali bring happiness, peace and success.

Last week, we hosted our Climate Adaptation Community for a breakfast on key challenges and successes in pulling together the Climate Change Commission's Progress report on the National Adaptation Plan: https://lnkd.in/gww9rewB We hope you enjoyed the discussion with our panel, Jo Hendy, Judy Lawrence, Karen Lavin, PhD and Sally Garden, from He Pou a Rangi – the Climate Change Commission.   The panel discussed personal stories from collecting data on the ground in areas affected by climate change. We also heard about the upcoming National Climate Change Risk Assessment work, due in 2026. Join our Climate Adaptation Community, please note our events will be in-person only, therefore this community is limited to those based in Wellington: https://lnkd.in/gEEHsH-y Sarah Bogle Ronja Lidenhammar

In this week’s podbite episode, Alastair Marsden, Director, Deal Advisory, explores the topic of the internal price of carbon, including the foundational steps to take when setting the price and the requirement to make this disclosure under the climate standards. Listen to this episode and catch up on last week’s episode hosted by Justin Ensor, Partner, Deal Advisory on why it is essential to quantify financial impacts and how to do so on our website: https://lnkd.in/gHu44q9K    Sign up for our regular insights and news on trends impacting New Zealand organisations: https://lnkd.in/d-i2QmGV

With the growing focus on GHG Emissions and Financed Emissions reporting, understanding how the measurement and reporting and data requirements is currently in focus for many organisations across all sectors.   This November, we invite you to join us for KPMG New Zealand’s GHG Emissions Accounting Training Series, designed for those interested in or involved with the measurement and reporting of an organisation’s GHG emissions. The courses are instructor-led (by Melinda Ponnampalam) and delivered virtually, using a mix of presentation, case studies and exercises. This would particularly advance those within an organisation’s finance or sustainability reporting teams, investors, auditors and directors wanting to understand the mechanics and data sources of GHG emissions accounting.   To ensure effective learning, these training sessions have limited capacity. Early bird tickets are now available: https://lnkd.in/gzaAjfRi

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