This bill has already caught the attention of Governments and people around the world because it provides accountability for the actions of large listed businesses and financial institutions in relation to climate change. This will help the sector to be a part of the solution rather than a part of the problem in the face of the climate change challenge. Trillions of dollars will need to be invested globally by 2050 to achieve the Paris Agreement goal of keeping the increase in global average temperatures to 1.5 degrees Celsius above pre-industrial levels. New Zealand businesses are well-placed to seize emissions-reducing opportunities in such areas as energy production, food production, and pollution reduction. The disclosure regime will contribute to this because it will provide a sound framework for identifying business opportunities. This bill helps investors to redirect capital to cleaner ways of doing business.