Australia's biggest companies failing to plan for climate change risks: report: ABC NEWS

"Australia's biggest companies are ignoring calls from regulators and investors to do more to mitigate the risks of climate change, with a new study finding that many of the nation's top 100 companies still do not identify climate change as a material business risk."

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 "In October, the Australian Institute of Company Directors' (AICD) survey of more than 1,200 company directors found they had for the first time nominated climate change as the number one issue they want the Federal Government to address in the long term.

Responsible Investment Association Australasia (RIAA) chief

Climate Angel

executive Simon O'Connor said investors were increasingly setting decarbonisation targets for their investment portfolios.
"Many responsible investors are rightfully concerned about this low level of disclosure," he said.

"More and more responsible investors are considering divestment from fossil fuel companies as an option on the table."

Read the ABC News story 


#climate change economic impact    #climatechange  #climate activism   #Australia