Material Risk: Climate Change and Asx Companies

material risk: Of the 60 companies, Asic found 17% identified climate change as a material risk to their business, according to The Guardian. The regulator said that while most ASX 100 companies had considered the potential risks posed to them by climate change at least to some extent, the practice of disclosing these risks to investors was considerably fragmented, with information provided to the market in differing forms across a wide range of means of disclosure . If you're talking about drought but not climate change, you're not doing your job, PM Greg Jericho Read more In some cases, the review found climate risk disclosures to be far too general, and of limited use to investors, Asic said in a statement. The review, published on Thursday, examined climate risk disclosures by 60 companies in the ASX 300, in 25 recent initial public offering IPO prospectuses, and across 15,000 annual reports. The review found few listed companies outside of the ASX 200 were disclosing climate risks to their investors. It found the percentage of annual reports of all listed companies that contained climate change-related content had fallen from 22% in 2011 to 14% in 2017. Discussion of climate change in annual reports had also gone backwards, particularly for companies outside the ASX 100. (news.financializer.com). As reported in the news.