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State of net zero climate policies and actions 2025
2nd Sept. 2025
The fourth state of net zero climate survey captures the views and practices of 27 major New Zealand investors.
The fourth annual State of Net Zero Investment report, based on survey responses by investors with more than NZ$263 billion under management, shows significant strides in climate governance and emissions reporting.
Whilst demonstrating solid climate governance and reporting capabilities, investors remain cautious in translating climate ambition into investment action.
Key Findings of Respondents:
The findings show a marked improvement in climate governance:
- 91% of investors reported board-level awareness of climate risks and strategies;
- Nearly half (48%) have now set net zero targets, up from 30% in 2023; and
- 93% are measuring at least some of the emissions associated with their portfolios.
However, the report highlights a persistent gap between climate risk awareness and capital allocation:
- 17% of investors currently invest in climate solutions such as renewable energy or low-carbon infrastructure; and
- 13% have set public targets to increase these investments.
“New Zealand investors clearly understand the financial imperative of managing climate risk,” said Barry Coates, CEO of Mindful Money. “But despite falling costs and rising opportunities in clean technologies, investment in climate solutions remains low. This is potentially a missed opportunity for both returns and impact.”