Annual Reports
We are pleased to present the 2023 Annual Report for the Centre for Sustainable Finance: Toitū Tahua covering the FY23 financial year from 1 July 2022 – 30 June 2023.
This period marked an important strategic shift from implementation groups to a consolidated workplan, targeted, system-level interventions, and a strong focus on Government engagement.
We are especially pleased to note the close engagement between CSF partners, regulators and policy makers, aimed at fostering the enabling environment for sustainable finance and mobilising private capital into sustainable economic activities.
We wish to acknowledge the many contributions of market participants who were convened by CSF to identify and remove barriers to institutional investments, in particular KiwiSaver investments, into private assets. This matters to Aotearoa New Zealand because most of the investment we need to address climate change and other sustainability issues, such as key infrastructure, will need to come from the private sector, has long investment horizons with limited liquidity, and takes the form of private assets, rather than listed or other tradeable assets.
Looking forward from July 2023, the focus shifts to unlocking those pools of capital by removing regulatory barriers, enabling Aotearoa New Zealand financial institutions to better support small and medium enterprises with transition finance and supporting continued access to international green capital flows.
Our approach remains grounded in the Sustainable Finance Forum’s 2030 Roadmap for Action, which outlines key recommendations for changing mindsets, transforming finance and financing transformation.
As always, we are deeply committed to the inclusion of Māori finance professionals and subject matter experts who support the credibility and integrity of the Aotearoa New Zealand sustainable finance market.
With the advent of our Associate Partner category in 2024 we look forward to a strengthened partnership with market participants and iwi/Māori organisations. Together with the New Zealand government we will build a robust sustainable finance market supported by the vision, plans and tools that enable an equitable, nature positive transition and enduring prosperity in the critical decades ahead.
FY23
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2020 saw the publication of the Sustainable Finance Forum’s 2030 Roadmap for Action, developed under the auspices of The Aotearoa Circle.
In line with similar international initiatives, the Centre was established in 2021 by major financial institutions, Crown entities and strategic philanthropists to coordinate and accelerate implementation of the roadmap’s recommendations.
Systemic in nature, the Roadmap outlines the steps we all need to make collectively to transform our financial system. A key driver for the Roadmap is the need for Aotearoa New Zealand to retain its international economic proposition in the face of rapidly changing investor, customer and consumer expectations, and actions, on climate change.
This year the Centre has coordinated the contributions of more than 80 market participants and sustainable finance practitioners, who helped to prioritise immediate actions across four key Roadmap recommendations in the areas of capability, governance, inclusion, standards and pathways.
These many contributions are outlined in this report.
Find out more about progress toward each of the Roadmap recommendations in our Sustainable Finance Progress Report.
FY22
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