Hon Dr DAVID CLARK (Minister of Commerce and Consumer Affairs): It is a pleasure to bring proceedings on Part 1 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill. The bill forms a key part of the Government's commitment to addressing climate change, and I would like to make at the outset a number of points as I thank the Economic Development, Science and Innovation Committee for its consideration of the bill, and intend to seek perhaps one or two calls at the beginning just to cover off some of the changes that are proposed as a consequence of the work of that committee and other matters that have come to light. I do want to thank at the outset also not just the committee but the Hon James Shaw for the work that he has done alongside the Prime Minister in the background to get this bill to the House.