Antinuclear

Australian news, and some related international items

Australian businesses are realising that climate change presents significant financial risks – and opportunities

Existential threat’: climate change risks finally grab Australia’s attention, SMH, Peter Hannam, 10 Dec 17 “……..Business shift

Companies, meanwhile, are beginning to look beyond the political cycle.

Sarah Barker, a special counsel for Minter Ellison Lawyers, said there had been “a noticeable shift in the approach of the business community to climate risk in the past 18 months”.

“Historically, the issue was largely viewed as a singularly ‘environmental’, ethical, non-financial issue – perhaps relevant to corporate social responsibility, but nothing more,” she said.

“Increasingly, Australian businesses are realising that climate change presents significant financial risks – and opportunities – and that they need to strategise around this issue in the same way as they would any other industry trend or economic risk factor.”

“Business has far less tolerance for climate change denialism than it did even a few years ago,” Barker added. “Their investors are concerned about it.  Their insurers are concerned about it.  Their customers are concerned about it……….”http://www.smh.com.au/environment/climate-change/existential-threat-climate-change-risks-finally-grab-australias-attention-20171206-h00am7.html

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December 11, 2017 - Posted by | General News

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