Financial Markets Conduct (Climate-related Disclosures – ANZ Group Holdings Limited) Exemption Notice 2025

The Financial Markets Conduct (Climate-related Disclosures – ANZ Group Holdings Limited) Exemption Notice 2025 exempts ANZ Group Holdings Limited (ANZGHL) from its climate reporting obligations under Part 7A of the Financial Markets Conduct Act 2013 (Act).

The vast majority of ANZGHL’s New Zealand business sits in ANZ Bank New Zealand Limited (ANZ Bank) and its subsidiaries. The balance of ANZGHL’s New Zealand business (the side assets) is immaterial. ANZ Bank is itself a large registered bank, and is therefore a climate reporting entity in its own right and is required to produce climate statements under section 461ZA of the Act. Therefore, ANZGHL’s primary users can look to the climate statements of ANZ Bank to find material climate-related information about ANZGHL’s New Zealand business. 

The exemption only applies to an accounting period if the side assets would not amount to a large presence in New Zealand, and ANZGHL is a climate reporting entity only because it is a large listed issuer, for that accounting period.

The exemption is subject to a range of conditions, the effect of which is that ANZGHL must:

• ensure that ANZ Bank complies with its reporting obligations under Part 7A of the Act;
• continue to publish annual group climate-related disclosures overseas;
• disclose its reliance on the exemption and a summary of the exemption in its annual reports and lodge the information with the Registrar; and
• notify the FMA of any changes to the nature or scope of the side assets, such that information about the side assets would be material and require disclosure under the Aotearoa New Zealand Climate Standards in the absence of the exemption.

Download Financial Markets Conduct (Climate-related Disclosures – ANZ Group Holdings Limited) Exemption Notice 2025 [PDF 290KB]