Adrian Orr: Climate changed – and why climate matters to RBNZ

Speech by Mr Adrian Orr, Governor of the Reserve Bank of New Zealand, at the Climate Change and Business Conference 2022, Auckland, 19 September 2022.

The views expressed in this speech are those of the speaker and not the view of the BIS.

With thanks to Billy Berek, Susan Livengood, and other colleagues from the RBNZ.

Introduction

Kia ora koutou,

Thank you to the organizers of the "Climate Change and Business Conference" – The Environmental Defence Society, Sustainable Business Council and Climate Leaders Coalition – for gathering us all for this important and necessary discussion. Thank you to Bell Gully for sponsoring this session on "Disclosure and Managing Risk", and to Simon Watt for chairing.

Thank you also to the many notable speakers and dignitaries at this landmark conference for sharing your wisdom and insight: Dr. Caralee McLiesh of The Treasury, Rod Carr of the Climate Change Commission, Mayor Phil Goff, and Vicky Robertson of the Ministry for the Environment to name a few.

I also acknowledge the Climate Change Minister James Shaw and his personal commitment, and leadership on this very important issue.