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.

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

23%

NZX average

TCFD

24%

11 recommendations

ISSB

24%

IFRS S2 requirements

NZ CS

20%

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
Healthcare	12	36	36	30	34
Industrials	23	33	31	26	30
Real Estate	16	30	30	25	28
Communication Services	4	27	29	23	26
Materials	10	24	23	19	22
Consumer Discretionary	15	22	22	19	21
Consumer Staples	14	18	19	17	18
Financials	22	18	16	15	17
Utilities	7	12	14	12	13
Information Technology	7	2	3	5	4

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