<
https://reneweconomy.com.au/australias-biggest-companies-yet-to-face-up-to-climate-risk-and-only-a-few-have-tried-to-count-the-cost/>
"Two-thirds of Australia’s largest companies are owning up to material climate
risk but only a third have put a dollar figure on exposure.
The few big firms that have crunched the numbers suggest global temperature
rise and decarbonisation will have a material impact on cash flows and
earnings.
The $2.5-4.5 billion in annualised climate-related financial risk estimated by
corporates so far is just the tip of the iceberg, says ERM, the sustainability
consultancy behind the analysis.
“In these this first year of reporting, it’s not a mandatory requirement to
quantify climate risk,” ERM lead partner corporate sustainability Mary Stewart
told
AAP.
“But if they have a material risk, shouldn’t they be quantifying it already?”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
