News

Answers to climate risk and housing getting closer

Monday 18th of July 2022

As a lot of capital is raised through the country’s banks, climate change it is probably the biggest risk because about 80% of wealth is tied to people’s homes.

Most Kiwis live close to the coast and 60% of bank assets are in domestic real estate.

Taking a materiality perspective it seems to be the biggest risk the country faces and while New Zealand does not have un...

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