Risky business
Australia’s top 200 listed companies are not sufficiently positioned to manage climate change, according to new findings, which revealed a direct correlation between a company’s level of preparedness and its financial performance on the stock market.
The research, which was released by investment research and ratings firm RepuTex, revealed that 80 per cent of ASX 200 companies are unprepared to mitigate risks posed by climate change.
RepuTex head of research Hugh Grossman said many companies are yet to fully understand the financial impact of carbon risks and opportunities on their competitive position and bottom line.
“Australian companies must understand their carbon risk and quantify bottom-line impacts in order to remain competitive as new drivers — such as carbon intensity, energy efficiency and credit generation capacity — begin to impact company value,” he said.
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