So what does this bill do? It introduces "mandatory climate-related disclosure requirements for certain [firms] … considered to have a higher level of public accountability, including listed issuers, large banks, large non-bank deposit takers, and large insurers, and large managers in respect of managed investment schemes." My colleague the Hon Michael Woodhouse noted that we will be supporting this bill. And just before I start talking about the bill in detail, I just want to be clear that National supports the desire and intent to reduce our carbon emissions. After all, the National Party signed up to the Paris accord. So I want to put that on the table. But that does not mean that a bill like this does not have some failings. We will be supporting it to first reading, but there's some significant issues in this bill. 