Heavily-leveraged financial and household sectors had to undergo a phase of balance-sheet “repair” that in many instances is still taking place. Households took advantage of interest rate relief to repay some of their liabilities, rather than fund renewed consumption of goods and services.
In the broader industry, organisations such as Mindful Money empower individuals to understand where their money is invested through KiwiSaver or Investment funds.15 I would encourage you to examine your portfolios and see how you can incorporate climate risk into the way you invest and allocate your capital. Working in unison we can make a larger impact than anyone could alone.