The number of companies providing information about climate change and its risks in their annual reports has fallen dramatically since 2011, and information that is provided is often "fragmented" and of limited use to investors, the corporate regulator has found.
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| Of 60 companies in the ASX300, just 17 per cent disclosed climate change as a "material risk". |
The Australian Securities and Investments Commission (ASIC) examined the 2017 annual reports of 60 companies in the ASX300, of which just 17 per cent disclosed climate change as a "material risk". Outside the top 200 companies, climate risk disclosure was "very limited”.
Read the story from The Age by Ruth Williams - “‘Worrying': Companies' reporting of climate risks goes ‘backwards’."
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