| SSE Initiative

Name	New Zealand Stock Exchange
Country	New Zealand
Number of listed companies	125
Domestic market capitalization	108,121 million US$
SSE Partner Exchange	Yes
Has annual sustainability report	https://www.nzx.com/announcements/458819
ESG reporting required as a listing rule	Yes. New Zealand has introduced significant, mandatory climate-related disclosures (CRD) for large NZX-listed issuers, alongside general guidance for broader ESG reporting.
Has written guidance on ESG reporting	Yes Published ESG Guidance in December 2017, which was updated in April 2023. See the updated version here. Published Corporate Governance Code in May 2017, which was updated in April 2023. See the updated version here. The Code now requires the issuer to provide non-financial ESG disclosure at least annually.
Offers ESG related training	No
Market covered by sustainability-related index	No
Has sustainability bond listing segment	No
Has SME listing platform	Yes NXT NZX Alternative Market (NZAX) since 2015
Women on boards mandatory minimum rule	No
Additional information	Signed an MOU in January 2018 with the Hong Kong Exchanges and Clearing Limited (HKEX) to promote cooperation as well as sustainability and green finance initiatives across the Asia-Pacific markets. Signed a similar MOU in March 2018 with the Singapore Exchange (SGX).
Organizational model of stock exchange	Listed company for profit; demutualized in 2002.
Regulatory bodies	Financial Markets Authority.
Regulatory model	Limited Exchange Self-Regulatory Organization (SRO) Model The New Zealand Exchange (NZE) co-regulates the stock exchange with the Financial Markets Authority (FMA). However, the FMA has ultimate regulatory approval and is in charge of enforcing securities, company reporting, and company laws.
About the stock exchange	Location: Wellington, New Zealand. NZX provides high quality information, data and tools to support business decision making. We build and operate capital, risk and commodity markets and the infrastructure required to support them. We strive to make a meaningful difference to wealth creation for our shareholders, and the individuals, businesses and economies in which we operate. (Source).