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

Answer: (B)

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.