Some Australian Securities Exchange-listed companies fail in their reporting of climate change exposure or other “material” environmental social and governance risks, new research finds.
However, some are likely to have material exposure where there is a real possibility that these threats could substantially impact their ability to create or preserve shareholder value over the short, medium or longer term. Explanations for the companies that state they have no risk include that their exposure is “immaterial”, or that they have a diverse portfolio of investments which shield them from risk.Some companies stating they have no “material” risks do not provide reasons for their beliefs.
Bilyanska says ESG reporting standards are being developed overseas that would likely be made mandatory in Australia – eventually. “So, all ASX-listed entities need to take a fresh look at their reporting,” she says.A separate report by KPMG Australia, undertaken on behalf of the ASX, finds only a small rise in the number of listed companies disclosing diversity policies since the researcher last produced a similar report in 2015.
jcollett_money If you believe that global warming is BS, the only risk is from the usefulidiots over reacting to the BS.
jcollett_money This ESG is a scam designed to trick business into complying with the objectives of the NWO. Wake up and say NO to this globalist agenda. You think it’s not happening, it’s a conspiracy? Think again! It’s all there in plain sight! Wake up before it’s too late. Say NO!
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Source: FinancialReview - 🏆 2. / 90 Read more »