Abstract
This paper analyses the early results of Aotearoa New Zealand's world-first mandatory climate-risk disclosure regime, setting the new policy in the context of national and global climate action systems. We generate a set of expected results from analysis of the literature, and we compare those expectations to the preliminary evidence from NZ and the wider global context. These early results suggest that NZ's mandatory CRD regime aligns with the direction of travel of NZ's major trading partners and the wider world, though there are countervailing trends both in NZ and elsewhere in the global climate action system; in reaching this conclusion we examine many aspects and possible consequences of mandatory CRD regimes. We take a strategic collective action perspective to apply these results to four climate-policy futures scenarios developed by the Network for Greening the Financial System, and we find that for nearly every scenario, it makes strategic sense to implement mandatory CRD regimes.