Sarah Barker in Shepparton on Monday night, on Radio National today

Minter Ellison special counsel Sarah Barker was in Shepparton on Monday night and today she was part of a discussion on Radio National.

Minter Ellison special counsel was in Shepparton
on Monday night at a Slap Tomorrow event
and today she was on Radio National discussing
similar financial risk and climate change. 

Financial regulators are urging companies to disclose what assets are at risk from climate change, warning insurers, superannuation funds and banks that they place their futures in jeopardy if they fail to understand the real risks of environmental and economic change.

Meanwhile, a Sydney based company that specialises in measuring risks from extreme weather and climate change on critical infrastructure and essential services is trialling a website to test the vulnerability of any property to coastal inundation.

Listen to the discussion on Radio National - “Climate risk.”

Climate change a financial risk, says APRA

One of Australia's financial regulators has explicitly addressed for the first time the topic of financial risk created by global warming. 

An executive board member of the Australian Prudential Regulation Authority (APRA), Geoff Summerhayes, in a speech yesterday that APRA now views climate change as a 'here and now' risk. 

It made the recommendation due to three main influences: the Paris climate agreement, recommendations by the G-20 Financial Stability Board, as well as a legal opinion issued late last year. 

APRA says it expects big companies to carefully consider these risks, warning that company directors could be liable if they fail to do so.

Listen to the Radio National report - “Climate change a financial risk, says APRA.”