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Compliance and audit reviews
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External audit
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
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Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
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Individual tax
Preparing today to help you invest in tomorrow.
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Private business tax structuring
Find the best tax structure for your business.
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Tax disputes
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Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Succession planning
When it comes to a business strategy that’s as important as succession planning, you can’t afford to leave things to chance.
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Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
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Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
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Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
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Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
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Policy reviews & development
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Performance improvement
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Cloud services
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Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Virtual CSO
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Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
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Financial modelling
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Complex and international services
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Independent business review
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Take off the blinkers: Grant Thornton’s latest global business report
Do businesses need to commit more time to assessing environmental sustainability?
The latest Grant Thornton International Business Report (IBR) survey reveals that New Zealand businesses are among the least concerned in the world about future access to raw materials. This begs the question as to whether there is a need for businesses to “take off the blinkers” and commit more time to assessing environmental sustainability.
The latest IBR report compares the views of more than 2,500 senior decision makers in 34 economies on the cost, availability and sustainable use of raw materials and energy.
The report reveals that less than half (42%) of those surveyed in New Zealand consider that ongoing access to raw materials is an issue (compared to the global average of 53%), and that only 40% thought it was important that raw materials came from sustainable sources.
Mark Hucklesby, Partner Audit, and National Technical Director at Grant Thornton New Zealand, says of 34 economies that were included in the report, only five demonstrated less concern than New Zealand about raw material access; Italy (38%), Sweden (37%), Canada (36%), Thailand (35%) and China (27%). By contrast, Botswana (90%) and India (86%) showed the highest level of concern.
“These findings tell us that businesses in New Zealand largely don’t see any substantial threat to their supply of raw materials. This is both interesting and concerning, as it suggests the message about sustainable use of resources is an issue that may not be getting sufficient airtime in boardrooms and chief executive offices.
“In emerging markets cost, reliability and sustainability of both energy and raw materials are seen as prerequisites for business expansion. However, here in New Zealand, it’s not as high up on the priority list in terms of their decision-making.
“Failure to take off the blinkers and focus on how their current level of access to raw materials and energy could change may prove costly in the longer term”
However, Mr Hucklesby recognises that telling companies they need to do things differently will not be enough.
“The sustainability debate within business should be viewed as an initiative that will ultimately improve financial returns to shareholders rather than being narrowly viewed as a cost of business that’s incurred for public good.
“Our survey results reconfirm that when it comes to sustainability, New Zealand business owners should focus on what can be done today to save costs in the future, rather than assessing the topic solely through what is the cost of doing very little or nothing today.”
Further enquiries, please contact:
Mark Hucklesby
T +64 (0)9 308 2534
M +64 (0)21 664 585
E mark.hucklesby@nz.gt.com