The people who work in these companies are everyday New Zealanders who deliver products and services to us, provide employment, and for the most part, work to make New Zealand a better place. The good news for the Government is that even if they don't want to trust businesses, there is already a system in place to account for climate change: that is the emissions trading scheme (ETS). It puts a price on carbon under a national cap. This imposes costs, and businesses will respond by innovating and adjusting their operations. So we don't believe this bill is needed. It also adds unnecessary reporting regulation, and frankly, the idea of forcing companies to better demonstrate responsibility is cynical because it assumes a lack of foresight. However, under the ETS, carbon prices are known to businesses. They can see longer-term price signals and respond and account for them. 