Australian corporations are facing increasing pressure to
disclose their exposure to climate-related risk in their public
reports and to catch up with the EU, who are embracing mandatory
environmental and climate risk reporting.
Pressure is building for Australian corporate entities to
improve their identification and reporting of the risks climate
change poses to their financial position and business operations,
but Australia still lags behind other developed countries when it
comes to environmental reporting (according to the Organisation for
Economic Co-operation and Development).
As the Commonwealth Government remains hesitant to implement a
comprehensive policy strategy to achieve emissions reductions in
line with the "2 degree" goal of the Paris Agreement,
various environmental organisations, regulatory bodies, investors
and shareholders have taken the lead in driving change.
