Financial Markets Conduct (Climate-related Disclosures – Ventia Services Group Limited) Exemption Notice 2025

The Financial Markets Conduct (Climate-related Disclosures— Ventia Services Group Limited) Exemption Notice 2025 exempts Ventia Services Group Limited (Ventia) from the requirement to keep climate- related disclosure records and produce group climate statements pursuant to Part 7A of the Financial Markets Conduct Act 2013 (Act). 

Ventia is an Australian domiciled entity, with its primary listing and majority of shareholders engaging with the company through the ASX. In New Zealand Ventia is a large listed issuer on the NZX and is a climate reporting entity. Ventia is required to prepare a sustainability report and climate statements, and to keep sustainability records under Part 2M of the Corporations Act 2001 (Commonwealth of Australia) (together the Australian Regime).

The exemption is subject to a number of conditions, including that Ventia must lodge the Australian sustainability reports on the New Zealand CRD register. 

The key reasons for granting the exemption are that:

• Ventia is subject to the mandatory Australian Regime and the FMA is satisfied that sustainability reports prepared in accordance with AASB S2 under the Australian Regime would be broadly equivalent to climate statements that are prepared in accordance with the New Zealand CRD Regime: 
• Ventia is required to prepare and publish sustainability reports in accordance with the Australian Regime. The preparation of these sustainability reports demonstrates responsibility and foresight in its consideration of climate issues, which is a key goal of the CRD Regime: 
• The costs associated with Ventia having to prepare climate statements in accordance with the requirements of Part 7A of the Act, in addition to the costs associated with preparing sustainability reports in accordance with the Australian regime, would outweigh the benefits to primary users and other interested persons in receiving climate statements prepared under the Act.

The FMA is satisfied that the exemption is necessary or desirable as it will promote innovation and flexibility by allowing Ventia to use sustainability reports rather than requiring continued compliance with the CRD Regime obligations, and as such it will avoid unnecessary compliance costs.

Download Financial Markets Conduct (Climate-related Disclosures – Ventia Services Group Limited) Exemption Notice 2025 [PDF 271KB]