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 132 NZX-listed companies. Compares against TCFD (11 recommendations), ISSB / IFRS S2 (climate disclosures), and NZ XRB Climate Standards (NZ CS 1-4, mandatory for ~52 Climate Reporting Entities).

Overall

31%

NZX average

TCFD

33%

11 recommendations

ISSB

32%

IFRS S2 requirements

NZ CS

28%

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	70	77
Communication Services	4	63	59	46	55
Utilities	8	43	43	37	40
Industrials	23	43	40	35	39
Healthcare	12	40	41	34	38
Real Estate	15	41	39	34	38
Consumer Staples	14	27	31	27	28
Consumer Discretionary	15	27	27	25	26
Materials	10	24	23	21	23
Financials	22	23	22	20	21
Information Technology	8	6	9	11	9

132 of 132

Multi-Framework Gap Analysis Results

#	Company	Sector	Mkt Cap	Mandatory	TCFD	ISSB	NZ CS	Overall	Capabilities
1	VNT VNTVentia Services Group Limited	Industrials	$6.2B	Yes	91	93	78	86
2	FPH FPHFisher & Paykel Healthcare Corporation Limited	Healthcare	$26.2B	Yes	91	93	72	84
3	FBU FBUFletcher Building	Materials	$3.9B	Yes	86	87	78	83
4	GNE GNEGenesis Energy Limited	Utilities	$3.0B	Yes	86	87	74	82
5	CEN CENContact Energy Limited	Utilities	$9.3B	Yes	82	87	76	81
6	NZL NZLNew Zealand Rural Land Company Limited	Real Estate	$140M	No	86	87	72	81
7	AIR AIRAir New Zealand	Industrials	$1.4B	Yes	91	90	65	80
8	SPK SPKSpark New Zealand Limited	Communication Services	$3.8B	Yes	91	90	65	80
9	CHI CHIChannel Infrastructure NZ Limited	Energy	$1.4B	Yes	82	80	70	77
10	NZM NZMNZME Limited	Communication Services	$200M	No	86	87	63	77
11	SEK SEKSeeka Limited	Consumer Staples	$231M	No	82	80	67	75
12	WBC WBCWestpac Banking Corporation	Financials	$148.0B	Yes	82	80	67	75
13	KPG KPGKiwi Property	Real Estate	$1.5B	Yes	82	73	63	72
14	MFT MFTMainfreight Limited	Industrials	$6.7B	Yes	82	73	63	72
15	STU STUSteel & Tube Holdings Limited	Materials	$51M	No	77	77	65	72
16	DGL DGLDelegat Group Limited	Consumer Staples	$462M	No	77	77	59	70
17	PGW PGWPGG Wrightson Limited	Industrials	$162M	No	77	70	61	69
18	HGH HGHHeartland Group Holdings Limited	Financials	$1.2B	Yes	77	70	59	68
19	THL THLTourism Holdings Limited	Consumer Discretionary	$620M	No	77	70	59	68
20	TRA TRATurners Automotive Group	Consumer Discretionary	$683M	No	77	70	59	68
21	VCT VCTVector Limited	Utilities	$4.7B	Yes	77	70	59	68
22	IPL IPLInvestore Property Limited	Real Estate	$400M	No	73	67	59	66
23	SCL SCLScales Corporation Limited	Industrials	$945M	No	73	67	59	66
24	AIA AIAAuckland International Airport Limited	Industrials	$14.0B	Yes	77	70	52	65
25	ARB ARBArborGen Holdings Limited	Industrials	$34M	No	73	67	57	65
26	FRW FRWFreightways Group Limited	Industrials	$2.3B	Yes	77	70	52	65
27	MEL MELMeridian Energy Limited	Utilities	$14.6B	Yes	77	70	52	65
28	NZX NZXNZX Limited	Financials	$482M	Yes	77	70	52	65
29	RYM RYMRyman Healthcare Limited	Healthcare	$2.1B	Yes	77	70	52	65
30	SKO SKOSerko Limited	Industrials	$153M	No	77	70	52	65
31	WIN WINWinton Land Limited	Real Estate	$329M	No	77	70	52	65
32	ANZ ANZANZ Group Holdings Limited	Financials	$142.6B	Yes	73	67	52	63
33	CDI CDICDL Investments New Zealand Limited	Real Estate	$178M	No	73	67	52	63
34	RAD RADRadius Residential Care Limited	Healthcare	$122M	No	73	67	52	63
35	BIF BIFBooster Innovation Fund	Financials	$25M	Yes	73	67	48	61
36	PLP PLPPrivate Land and Property Fund	Real Estate	$200M	No	73	67	48	61
37	SUM SUMSummerset Group Holdings Limited	Healthcare	$1.8B	Yes	68	57	57	60
38	EBO EBOEBOS Group Limited	Healthcare	$4.1B	Yes	68	63	50	59
39	VSL VSLVulcan Steel Limited	Materials	$998M	No	73	63	46	59
40	FCG FCGFonterra Co-operative Group Limited	Consumer Staples	$7.5B	Yes	41	53	41	45
41	FSF FSFFonterra Shareholders' Fund	Consumer Staples	$887M	No	41	53	41	45
42	RBD RBDRestaurant Brands New Zealand Limited	Consumer Discretionary	$623M	No	55	37	43	45
43	SKL SKLSkellerup Holdings Limited	Industrials	$1.5B	Yes	55	37	43	45
44	APL APLAsset Plus	Real Estate	$61M	No	55	37	37	42
45	BGP BGPBriscoe Group Limited	Consumer Discretionary	$1.0B	Yes	55	37	37	42
46	CNU CNUChorus Limited	Communication Services	$3.7B	Yes	55	37	37	42
47	POT POTPort of Tauranga Limited	Industrials	$5.4B	Yes	55	37	37	42
48	SCT SCTScott Technology Limited	Industrials	$226M	No	55	37	37	42
49	OCA OCAOceania Healthcare Limited	Healthcare	$536M	No	32	47	35	38
50	KMD KMDKMD Brands Limited	Consumer Discretionary	$1.3B	Yes	27	40	35	34
51	MOV MOVMOVE Logistics Group Limited	Industrials	$23M	No	27	37	28	30
52	PCT PCTPrecinct Properties New Zealand Limited	Real Estate	$1.8B	Yes	27	37	28	30
53	SPG SPGStride Property Limited	Real Estate	$592M	No	27	37	28	30
54	LIC LICLivestock Improvement Corporation Limited	Financials	$162M	Yes	27	33	24	28
55	ATM ATMThe a2 Milk Company Limited	Consumer Staples	$6.1B	Yes	23	30	26	26
56	ERD ERDEROAD	Industrials	$195M	No	23	30	26	26
57	MFB MFBMy Food Bag Group Limited	Financials	$75M	Yes	23	30	26	26
58	NZK NZKNew Zealand King Salmon Investments Limited	Consumer Staples	$132M	No	23	30	26	26
59	PEB PEBPacific Edge Limited	Healthcare	$316M	No	23	30	26	26
60	SAN SANSanford Limited	Consumer Staples	$585M	No	23	30	26	26
61	SML SMLSynlait Milk Limited	Consumer Staples	$87M	No	23	30	26	26
62	WHS WHSThe Warehouse Group Limited	Consumer Discretionary	$213M	No	23	30	26	26
63	RUA RUARua Bioscience Limited	Healthcare	$11M	No	18	27	26	24
64	SKC SKCSkyCity Entertainment Group Limited	Consumer Discretionary	$539M	No	18	27	26	24
65	SPN SPNSouth Port New Zealand Limited	Industrials	$231M	No	18	27	26	24
66	MCK MCKMillennium & Copthorne Hotels New Zealand Limited	Consumer Discretionary	$328M	No	23	27	20	23
67	MCY MCYMercury NZ Limited	Utilities	$9.8B	Yes	18	27	24	23
68	NPH NPHNapier Port Holdings Limited	Industrials	$724M	No	23	27	20	23
69	RAK RAKRakon Limited	Information Technology	$338M	No	18	27	24	23
70	TWR TWRTower Limited	Financials	$677M	Yes	23	27	20	23
71	GTK GTKGentrack Group Limited	Information Technology	$438M	No	14	23	24	21
72	HLG HLGHallenstein Glasson Holdings Limited	Consumer Discretionary	$773M	No	18	23	20	20
73	PFI PFIProperty for Industry Limited	Real Estate	$1.1B	Yes	18	23	20	20
74	SKT SKTSky Network Television Limited	Communication Services	$472M	No	18	23	20	20
75	VGL VGLVista Group International Limited	Information Technology	$669M	No	18	23	20	20
76	CMO CMOThe Colonial Motor Company Limited	Consumer Discretionary	$228M	No	18	23	17	19
77	GXH GXHGreen Cross Health Limited	Healthcare	$296M	No	18	23	17	19
78	MHJ MHJMichael Hill International Limited	Consumer Discretionary	$162M	No	18	23	17	19
79	AFT AFTAFT Pharmaceuticals Limited	Healthcare	$449M	No	14	20	17	17
80	FWL FWLFoley Wines Limited	Consumer Staples	$36M	No	14	20	17	17
81	GNZ GNZGoodman NZ	Real Estate	$2.9B	Yes	18	17	17	17	None
82	TGG TGGT&G Global Limited	Consumer Staples	$280M	No	18	17	13	16
83	ARG ARGArgosy Property Limited	Real Estate	$856M	No	9	10	20	14
84	BRM BRMBarramundi Limited	Financials	$155M	Yes	14	10	11	12
85	DOW DOWDowner EDI Limited	Industrials	-	No	14	10	13	12	None
86	MLN MLNMarlin Global Limited	Financials	$152M	Yes	14	10	11	12
87	CCC CCCCooks Coffee Company Limited	Consumer Staples	$9M	No	5	3	11	7	None
88	CVT CVTComvita Limited	Industrials	$54M	No	5	3	11	7	None
89	HFL HFLHenderson Far East Income Limited	Financials	$1.5B	Yes	5	3	11	7	None
90	MEE MEEMe Today Limited	Consumer Staples	$10M	No	5	3	11	7	None
91	SMI SMISantana Minerals Ltd	Materials	$646M	No	5	3	11	7	None
92	SVR SVRSavor Limited	Consumer Staples	$14M	No	5	3	11	7	None
93	TEM TEMTempleton Emerging Markets Investment Trust PLC	Financials	$2.0B	Yes	5	3	11	7	None
94	CO2 CO2Carbon Fund	Financials	$32M	Yes	5	3	7	5	None
95	2CC 2CC2 Cheap Cars Group Limited	Financials	$40M	Yes	0	0	4	2	None
96	AFC AFCAFC Group Holdings Limited	Financials	$4M	Yes	0	0	4	2	None
97	AFI AFIAustralian Foundation Investment Company Limited	Financials	$10.4B	Yes	0	0	4	2	None
98	AGL AGLAccordant Group Limited	Utilities	$14M	No	0	0	4	2	None
99	ALF ALFAllied Farmers Limited	Financials	$17M	Yes	0	0	4	2	None
100	AOF AOFAoFrio Limited	Financials	$31M	Yes	0	0	4	2	None
101	BAI BAIBeing AI	Healthcare	$1M	No	0	0	4	2	None
102	BFG BFGBurger Fuel Group Limited	Consumer Discretionary	$12M	No	0	0	4	2	None
103	BIT BITThe Bankers Investment Trust PLC	Financials	$4.6B	Yes	0	0	4	2	None
104	BLT BLTBLIS Technologies Limited	Consumer Staples	$31M	No	0	0	4	2	None
105	BPG BPGBlack Pearl Group Limited	Information Technology	$29M	No	0	0	4	2	None
106	BRW BRWBremworth Limited	Consumer Discretionary	$48M	No	0	0	4	2	None
107	CRP CRPChatham Rock Phosphate Limited	Industrials	$4M	No	0	0	4	2	None
108	ENS ENSEnprise Group Limited	Information Technology	$8M	No	0	0	4	2	None
109	FCT FCTF&C INVESTMENT TRUST PLC	Financials	$4.3B	Yes	0	0	4	2	None
110	GEN GENGeneral Capital Limited	Financials	$23M	Yes	0	0	4	2	None
111	IFT IFTInfratil Limited	Utilities	$13.6B	Yes	0	0	4	2	None
112	IKE IKEikeGPS Group Limited	Materials	$218M	No	0	0	4	2	None
113	IPR IPRIperion Limited	Real Estate	$2M	No	0	0	4	2	None
114	KFL KFLKingfish Limited	Financials	$399M	Yes	0	0	4	2	None
115	MEX MEXMinerals Exploration Limited	Materials	$5M	No	0	0	4	2	None
116	MKR MKRManuka Resources Limited	Materials	$151M	No	0	0	4	2	None
117	MPG MPGMetro Performance Glass	Real Estate	$183M	No	0	0	4	2	None
118	NTL NTLNew Talisman Gold Mines Ltd	Industrials	$5M	No	0	0	4	2	None
119	PHL PHLPromisia Healthcare Limited	Healthcare	$37M	No	0	0	4	2	None
120	PYS PYSPaySauce Limited	Information Technology	$35M	No	0	0	4	2	None
121	RTO RTORTO Limited	Information Technology	$1M	No	0	0	4	2	None
122	SDL SDLSolution Dynamics Limited	Consumer Discretionary	$9M	No	0	0	4	2	None
123	TAH TAHThird Age Health Services Limited	Consumer Discretionary	$47M	No	0	0	4	2	None
124	TRU TRUTRUSCREEN GROUP LIMITED	Industrials	$10M	No	0	0	4	2	None
125	TWL TWLTradeWindow Holdings Limited	Industrials	$19M	No	0	0	4	2	None
126	VHP VHPVital Healthcare Property Trust	Real Estate	$2.7B	Yes	0	0	4	2	None
127	WCO WCOWasteCo Group Limited	Industrials	$8M	No	0	0	4	2	None
128	LOC LOCLocate Technologies Limited	Information Technology	$13M	No	0	0	0	0	None
129	LOD LODLodestone Energy Limited	Utilities	-	No	0	0	0	0	None
130	RGI RGIRua Gold Inc	Materials	$198M	No	0	0	0	0	None
131	TCM TCMTaiko Critical Minerals Limited	Materials	-	No	0	0	0	0	None
132	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.