Companies 'failing' to deal with climate change risk

Too many big Australian companies are failing to reveal plans for tackling climate change or to explain how climate change may impact their businesses, according to new research.

Ruth Williams - Australian companies failing
to reveal plans for tackling climate change.

The report, to be released Wednesday by climate NGO Market Forces, is based on public information from 73 big listed companies operating in sectors considered high-risk on climate change.

It found that 84 per cent of the companies had not released a plan to reduce their greenhouse gas emissions, 60 per cent did not have an emissions reduction target, and less than half had identified climate change as a material business risk.

Market Forces is now calling for the disclosure of climate change-related risks to be made mandatory for companies, saying too many were failing to adhere to voluntary standards.

Read the story by Ruth Williams from The Age - “Companies 'failing' to deal with climate change risk.”