Chanticleer
Business zeros in on climate change
Forcing companies to publish climate change risk scenarios could be a game-changer for investors worried about meeting their fiduciary duties to superannuation fund members and for regulators keen to preserve financial stability.
While governments around the world drag the chain on taking tougher climate change policy actions, there are three powerful forces at work that will force business to take a leadership role in 2020.
Regulators are concerned about disruptions to financial stability from banks being exposed to stranded assets and properties inundated by rising sea levels.
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