Board directors and senior management must give proper consideration to the risks of climate change, “with a view to ensuring that these risks are incorporated into strategic decision making, and appropriate consideration is given to the need for disclosure of relevant financial-related risks,” Norton Rose Fulbright said.
Risks that companies should consider include transitional, reputation and physical, Norton Rose said. Norton Rose pointed to statements by the Australian Securities and Investment Commission (ASIC) last month at a Senate Economics References Committee public hearing for an inquiry into carbon risk disclosure. The report was issued late on Friday of this week.
The content you are trying to access is only available to subscribers. There are several options available to you if you want to view this content, from full subscriptions to temporary passes just for this article. Click here for more information.
Latest posts by Rachel Alembakis (see all)
- APRA encourages entities to perform stress-test for climate-related risks - December 1, 2017
- ACSI publishes revised Governance Guidelines, includes new ESG themes - December 1, 2017
- Stakeholder engagement a key factor in structuring M&A: EY - December 1, 2017