What frameworks does the ESG Disclosure Gap Analyzer cover?

The analyzer assesses companies against three frameworks: TCFD (Task Force on Climate-related Financial Disclosures, 11 recommendations), ISSB/IFRS S2 (International Sustainability Standards Board climate disclosures), and NZ XRB Climate Standards (NZ CS 1-4, mandatory for Climate Reporting Entities).

What are Climate Reporting Entities in New Zealand?

Climate Reporting Entities are NZ organisations required to make climate-related disclosures under the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021. This includes large listed issuers (market cap above $1B), registered banks, licensed insurers, and managers of registered investment schemes above asset thresholds.

How are the gap scores calculated?

Each requirement is scored as Met (100%), Partial (50%), or Gap (0%) based on available NZXplorer data. Framework scores are the weighted average. The overall score weights NZ CS at 40% (regulatory), TCFD at 30%, and ISSB at 30%. This is an indicative assessment, not a formal compliance audit.

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Insights/ESG Disclosure Gap Analyzer

ESG Disclosure Gap Analyzer

Multi-framework disclosure readiness for 131 NZX-listed companies. Compares against TCFD (11 recommendations), ISSB / IFRS S2 (climate disclosures), and NZ XRB Climate Standards (NZ CS 1-4, mandatory for ~53 Climate Reporting Entities).

Overall

29%

NZX average

TCFD

32%

11 recommendations

ISSB

31%

IFRS S2 requirements

NZ CS

26%

XRB NZ CS 1-4

Mandatory

Climate Reporters

TCFD

TCFD-aligned

Sector Framework Comparison

Sector	Companies	TCFD	ISSB	NZ CS	Overall
Energy	1	82	80	63	74
Communication Services	4	63	59	46	55
Utilities	7	49	48	38	44
Industrials	23	42	39	32	37
Healthcare	12	38	38	31	35
Real Estate	15	37	36	30	34
Consumer Discretionary	15	28	27	23	26
Consumer Staples	14	26	29	22	25
Materials	10	24	23	19	22
Financials	22	21	19	17	19
Information Technology	8	4	5	7	6

131 of 131

Multi-Framework Gap Analysis Results

#	Company	Sector	Mkt Cap	Mandatory	TCFD	ISSB	NZ CS	Overall	Capabilities
1	FPH FPHFisher & Paykel Healthcare Corporation Limited	Healthcare	$22.4B	Yes	91	93	72	84
2	VNT VNTVentia Services Group Limited	Industrials	$5.7B	Yes	91	93	72	84
3	FBU FBUFletcher Building	Materials	$3.6B	Yes	86	87	72	81
4	AIR AIRAir New Zealand	Industrials	$1.5B	Yes	91	90	65	80
5	SPK SPKSpark New Zealand Limited	Communication Services	$4.2B	Yes	91	90	65	80
6	CEN CENContact Energy Limited	Utilities	$9.7B	Yes	82	87	70	79
7	GNE GNEGenesis Energy Limited	Utilities	$2.5B	Yes	86	87	67	79
8	NZL NZLNew Zealand Rural Land Company Limited	Real Estate	$146M	No	86	87	65	78
9	NZM NZMNZME Limited	Communication Services	$211M	No	86	87	63	77
10	CHI CHIChannel Infrastructure NZ Limited	Energy	$1.1B	Yes	82	80	63	74
11	SEK SEKSeeka Limited	Consumer Staples	$230M	No	82	80	61	73
12	WBC WBCWestpac Banking Corporation	Financials	$169.3B	Yes	82	80	61	73
13	DGL DGLDelegat Group Limited	Consumer Staples	$435M	No	77	77	59	70
14	STU STUSteel & Tube Holdings Limited	Materials	$92M	No	77	77	59	70
15	KPG KPGKiwi Property	Real Estate	$1.5B	Yes	82	73	57	69
16	MFT MFTMainfreight Limited	Industrials	$6.1B	Yes	82	73	57	69
17	PGW PGWPGG Wrightson Limited	Industrials	$165M	No	77	70	54	66
18	AIA AIAAuckland International Airport Limited	Industrials	$14.1B	Yes	77	70	52	65
19	FRW FRWFreightways Group Limited	Industrials	$2.4B	Yes	77	70	52	65
20	MEL MELMeridian Energy Limited	Utilities	$14.2B	Yes	77	70	52	65
21	NZX NZXNZX Limited	Financials	$457M	Yes	77	70	52	65
22	RYM RYMRyman Healthcare Limited	Healthcare	$2.3B	Yes	77	70	52	65
23	SKO SKOSerko Limited	Industrials	$244M	No	77	70	52	65
24	THL THLTourism Holdings Limited	Consumer Discretionary	$531M	No	77	70	52	65
25	TRA TRATurners Automotive Group	Consumer Discretionary	$756M	No	77	70	52	65
26	VCT VCTVector Limited	Utilities	$4.7B	Yes	77	70	52	65
27	WIN WINWinton Land Limited	Real Estate	$587M	No	77	70	52	65
28	ANZ ANZANZ Group Holdings Limited	Financials	$133.0B	Yes	73	67	52	63
29	CDI CDICDL Investments New Zealand Limited	Real Estate	$224M	No	73	67	52	63
30	RAD RADRadius Residential Care Limited	Healthcare	$112M	No	73	67	52	63
31	SCL SCLScales Corporation Limited	Industrials	$867M	No	73	67	52	63
32	ARB ARBArborGen Holdings Limited	Industrials	$54M	No	73	67	50	62
33	BIF BIFBooster Innovation Fund	Financials	$24M	Yes	73	67	48	61
34	PLP PLPPrivate Land and Property Fund	Real Estate	$211M	No	73	67	48	61
35	EBO EBOEBOS Group Limited	Healthcare	$4.6B	Yes	68	63	50	59
36	VSL VSLVulcan Steel Limited	Materials	$1.1B	Yes	73	63	46	59
37	SUM SUMSummerset Group Holdings Limited	Healthcare	$2.5B	Yes	68	57	50	58
38	APL APLAsset Plus	Real Estate	$69M	No	55	37	37	42
39	BGP BGPBriscoe Group Limited	Consumer Discretionary	$1.0B	Yes	55	37	37	42
40	CNU CNUChorus Limited	Communication Services	$4.0B	Yes	55	37	37	42
41	FCG FCGFonterra Co-operative Group Limited	Consumer Staples	$10.1B	Yes	41	53	35	42
42	FSF FSFFonterra Shareholders' Fund	Consumer Staples	$901M	No	41	53	35	42
43	HGH HGHHeartland Group Holdings Limited	Financials	$1.2B	Yes	55	37	37	42
44	POT POTPort of Tauranga Limited	Industrials	$5.3B	Yes	55	37	37	42
45	RBD RBDRestaurant Brands New Zealand Limited	Consumer Discretionary	$623M	No	55	37	37	42
46	SCT SCTScott Technology Limited	Industrials	$200M	No	55	37	37	42
47	SKL SKLSkellerup Holdings Limited	Industrials	$1.1B	Yes	55	37	37	42
48	OCA OCAOceania Healthcare Limited	Healthcare	$540M	No	32	43	28	34
49	KMD KMDKMD Brands Limited	Consumer Discretionary	$160M	No	27	37	28	30
50	MOV MOVMOVE Logistics Group Limited	Industrials	$29M	No	27	37	28	30
51	PCT PCTPrecinct Properties New Zealand Limited	Real Estate	$2.0B	Yes	27	37	28	30
52	SPG SPGStride Property Limited	Real Estate	$655M	No	27	37	28	30
53	LIC LICLivestock Improvement Corporation Limited	Financials	$142M	Yes	27	33	24	28
54	MHJ MHJMichael Hill International Limited	Consumer Discretionary	$198M	No	23	33	26	27
55	ATM ATMThe a2 Milk Company Limited	Consumer Staples	$8.2B	Yes	23	27	20	23
56	MCK MCKMillennium & Copthorne Hotels New Zealand Limited	Consumer Discretionary	$345M	No	23	27	20	23
57	MFB MFBMy Food Bag Group Limited	Financials	$55M	Yes	23	27	20	23
58	NPH NPHNapier Port Holdings Limited	Industrials	$708M	No	23	27	20	23
59	NZK NZKNew Zealand King Salmon Investments Limited	Consumer Staples	$108M	No	23	27	20	23
60	SML SMLSynlait Milk Limited	Consumer Staples	$296M	No	23	27	20	23
61	TWR TWRTower Limited	Financials	$620M	Yes	23	27	20	23
62	WHS WHSThe Warehouse Group Limited	Consumer Discretionary	$250M	No	23	27	20	23
63	DOW DOWDowner EDI Limited	Industrials	$3.8B	Yes	18	20	22	20
64	HLG HLGHallenstein Glasson Holdings Limited	Consumer Discretionary	$592M	No	18	23	20	20
65	IPL IPLInvestore Property Limited	Real Estate	$406M	No	18	23	20	20
66	PFI PFIProperty for Industry Limited	Real Estate	$1.2B	Yes	18	23	20	20
67	RUA RUARua Bioscience Limited	Healthcare	$11M	No	18	23	20	20
68	SKC SKCSkyCity Entertainment Group Limited	Consumer Discretionary	$871M	No	18	23	20	20
69	SKT SKTSky Network Television Limited	Communication Services	$469M	No	18	23	20	20
70	SPN SPNSouth Port New Zealand Limited	Industrials	$237M	No	18	23	20	20
71	CMO CMOThe Colonial Motor Company Limited	Consumer Discretionary	$268M	No	18	23	17	19
72	GXH GXHGreen Cross Health Limited	Healthcare	$172M	No	18	23	17	19
73	MCY MCYMercury NZ Limited	Utilities	$8.8B	Yes	18	23	17	19
74	RAK RAKRakon Limited	Information Technology	$338M	No	18	23	17	19
75	AFT AFTAFT Pharmaceuticals Limited	Healthcare	$368M	No	14	20	17	17
76	FWL FWLFoley Wines Limited	Consumer Staples	$38M	No	14	20	17	17
77	GMT GMTGoodman Property Trust	Real Estate	$3.0B	Yes	18	17	17	17	None
78	GTK GTKGentrack Group Limited	Information Technology	$886M	No	14	20	17	17
79	SAN SANSanford Limited	Consumer Staples	$677M	No	18	20	15	17
80	TGG TGGT&G Global Limited	Consumer Staples	$309M	No	18	17	13	16
81	BRM BRMBarramundi Limited	Financials	$191M	Yes	14	10	11	12
82	MLN MLNMarlin Global Limited	Financials	$195M	Yes	14	10	11	12
83	ARG ARGArgosy Property Limited	Real Estate	$964M	No	5	7	13	9
84	2CC 2CC2 Cheap Cars Group Limited	Financials	$29M	Yes	0	0	4	2	None
85	AFC AFCAFC Group Holdings Limited	Financials	$4M	Yes	0	0	4	2	None
86	AFI AFIAustralian Foundation Investment Company Limited	Financials	$10.2B	Yes	0	0	4	2	None
87	AGL AGLAccordant Group Limited	Utilities	$10M	No	0	0	4	2	None
88	ALF ALFAllied Farmers Limited	Financials	$22M	Yes	0	0	4	2	None
89	AOF AOFAoFrio Limited	Financials	$36M	Yes	0	0	4	2	None
90	BAI BAIBeing AI	Healthcare	$5M	No	0	0	4	2	None
91	BFG BFGBurger Fuel Group Limited	Consumer Discretionary	$12M	No	0	0	4	2	None
92	BIT BITThe Bankers Investment Trust PLC	Financials	$2.9B	Yes	0	0	4	2	None
93	BLT BLTBLIS Technologies Limited	Consumer Staples	$20M	No	0	0	4	2	None
94	BPG BPGBlack Pearl Group Limited	Information Technology	$87M	No	0	0	4	2	None
95	BRW BRWBremworth Limited	Consumer Discretionary	$49M	No	0	0	4	2	None
96	CCC CCCCooks Coffee Company Limited	Consumer Staples	$14M	No	0	0	4	2	None
97	CRP CRPChatham Rock Phosphate Limited	Industrials	$7M	No	0	0	4	2	None
98	CVT CVTComvita Limited	Industrials	$47M	No	0	0	4	2	None
99	ENS ENSEnprise Group Limited	Information Technology	$12M	No	0	0	4	2	None
100	ERD ERDEROAD	Industrials	$167M	No	0	0	4	2	None
101	FCT FCTF&C INVESTMENT TRUST PLC	Financials	$15.5B	Yes	0	0	4	2	None
102	GEN GENGeneral Capital Limited	Financials	$27M	Yes	0	0	4	2	None
103	HFL HFLHenderson Far East Income Limited	Financials	$832M	Yes	0	0	4	2	None
104	IFT IFTInfratil Limited	Utilities	$10.6B	Yes	0	0	4	2	None
105	IKE IKEikeGPS Group Limited	Materials	$190M	No	0	0	4	2	None
106	IPR IPRIperion Limited	Real Estate	$2M	No	0	0	4	2	None
107	KFL KFLKingfish Limited	Financials	$432M	Yes	0	0	4	2	None
108	MEE MEEMe Today Limited	Consumer Staples	$5M	No	0	0	4	2	None
109	MEX MEXMinerals Exploration Limited	Materials	$36M	No	0	0	4	2	None
110	MKR MKRManuka Resources Limited	Materials	$243M	No	0	0	4	2	None
111	MPG MPGMetro Performance Glass	Real Estate	$36M	No	0	0	4	2	None
112	NTL NTLNew Talisman Gold Mines Ltd	Industrials	$12M	No	0	0	4	2	None
113	PEB PEBPacific Edge Limited	Healthcare	$198M	No	0	0	4	2	None
114	PHL PHLPromisia Healthcare Limited	Healthcare	$24M	No	0	0	4	2	None
115	PYS PYSPaySauce Limited	Information Technology	$42M	No	0	0	4	2	None
116	RTO RTORTO Limited	Information Technology	$2M	No	0	0	4	2	None
117	SDL SDLSolution Dynamics Limited	Consumer Discretionary	$9M	No	0	0	4	2	None
118	SMI SMISantana Minerals Ltd	Materials	$982M	No	0	0	4	2	None
119	SVR SVRSavor Limited	Consumer Staples	$16M	No	0	0	4	2	None
120	TAH TAHThird Age Health Services Limited	Consumer Discretionary	$49M	No	0	0	4	2	None
121	TEM TEMTempleton Emerging Markets Investment Trust PLC	Financials	$1.5B	Yes	0	0	4	2	None
122	TRU TRUTRUSCREEN GROUP LIMITED	Industrials	$13M	No	0	0	4	2	None
123	TWL TWLTradeWindow Holdings Limited	Industrials	$35M	No	0	0	4	2	None
124	VGL VGLVista Group International Limited	Information Technology	$432M	No	0	0	4	2	None
125	VHP VHPVital Healthcare Property Trust	Real Estate	$1.5B	Yes	0	0	4	2	None
126	WCO WCOWasteCo Group Limited	Industrials	$12M	No	0	0	4	2	None
127	CO2 CO2Carbon Fund	Financials	$27M	Yes	0	0	0	0	None
128	LOC LOCLocate Technologies Limited	Information Technology	$20M	No	0	0	0	0	None
129	RGI RGIRua Gold Inc	Materials	$220M	No	0	0	0	0	None
130	TCM TCMTaiko Critical Minerals Limited	Materials	-	No	0	0	0	0	None
131	UVA UVAUvre Limited	Materials	-	No	0	0	0	0	None

Emissions TCFD SBTi Net Zero

Framework Methodology

TCFD (30% weight)

11 recommendations from the Task Force on Climate-related Financial Disclosures. 4 pillars: Governance (2), Strategy (3), Risk Management (3), Metrics & Targets (3). The most widely adopted voluntary framework globally.

ISSB / IFRS S2 (30% weight)

Climate-related disclosures per IFRS S2 (2023). Covers governance (S2.6-7), strategy (S2.10-14), risk management (S2.15-17), and metrics & targets (S2.21-24). Mandatory in many jurisdictions from 2025+.

NZ XRB CS 1-4 (40% weight)

23 requirements from New Zealand's External Reporting Board Climate Standards. Mandatory for Climate Reporting Entities since FY2023. Aligned with TCFD and ISSB. Higher weight reflects regulatory obligation.

Requirements scored as Met (100%), Partial (50%), or Gap (0%). Framework scores are weighted averages of requirement scores. Overall score: NZ CS 40% + TCFD 30% + ISSB 30%. Assessment based on NZXplorer structured data — not a formal compliance audit.

Related Insights

Corporate Risk Score

Composite 0-100 risk score aggregating litigation, regulatory actions, governance, and financial risk.

Climate Disclosure

NZX company climate reporting and emissions data.

ESG Reporting

Environmental, social, and governance reporting standards.

Data sourced from NZX ESG emissions, reporting standards, board skills, announcements. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.

For informational purposes only. Not investment advice.