Which country is the first in the world to introduce climate change legislation for the financial sector to report the effects of climate change on their business?

• A. Russia
• B. Vietnam
• C. Singapore
• D. New Zealand

Answer: (D)

The New Zealand has become the first country in the world to introduce a first-of-its-kind legislation that will require the financial sector, including banks, insurers and investment managers, to report the effects of climate change on their business.