Australian Investors Demand Corporate Climate Change Transparency

SYDNEY - Three major investor groups representing some of Australia’s biggest finance firms are calling for government regulators to force big companies to disclose how they plan to address financial risks from climate change. The coalition of investors is warning climate change is becoming a major threat to the global economy.   

In a new report, the group of major investors from Australia and New Zealand is demanding regulators set new standards for companies reporting on how climate change and global warming affect their business and change the value of investments.  The authors believe the current voluntary disclosure of climate-related risks is failing to provide investors with confidence.   Erwin Jackson is the director of policy at the Investor Group on Climate Change, which contributed to the report.