Australia’s financial regulator has warned that climate change poses a material risk to the entire financial system. Regardless of it’s controversy in the political realm, Australian companies would be wise to start adapting.
The Guardian recently published an article on the matter, it said:
“Australian companies need to start developing sophisticated scenario-based analyses of climate risks, and incorporating them into their business outlooks so shareholders know how climate change will affect profitability.”
“… the Centre for Policy Development (CPD) said companies needed to do so in a standardised way, so investors and regulators were able to easily understand economy-wide risks to whole industries.”
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