The implications of climate change risks for corporate stakeholders are often poorly understood. Possibly least understood within this group is the role of those with financial expertise. We investigated and have produced a working paper on factors that influence accountants’ involvement in managing climate change risk in Australia.
Companies have been under greater pressure to disclose their exposure to risks of climate change since the 2014 G20 meeting in Australia. This created the Taskforce on Climate Change-Related Financial Risk Disclosure (TCFD. Its recommended disclosures were issued in June 2017.
In a speech this month, Australian Securities and Investments Commissioner John Price reinforced these recommendations. He made clear climate risk is an ASIC priority….
