Back to overview

Climate Change Bill 2021 (Bill No 31 of 2021)

Fiji Forthcoming 2021

Part 15 of the Bill includes clauses 92 to 100 and requires companies, managed investment schemes, the Fiji National Provident Fund Board, licensed financial institutions and theReserveBank of Fiji to disclose the financial risks that climate change presents to their business and measures adopted to reduce these risks. It also requires company directors to consider climate change risks to the extent that they present foreseeable opportunities or risks to the company.

Issuer name

Parliament of Fiji

More information

The Minister is required to publish guidance materials for the purposes of assisting entities in complying with their obligations under this Part, which must be based on industry best practice including the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures To the extent that this Part applies to entities that also carry on business in foreign jurisdictions, the requirements only apply in relation to the aspects of an entity’s business that are carried on in Fiji.

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

Status

Forthcoming

Country

Fiji

Region

Asia Pacific

Date of publication

2021

Issuer type

Governments (governmental department, agency)

The geographical scope

National/federal

Go to the instrument