A new thinktank report has found that Australian organisations were not doing enough to model the risks of climate change and how it will affect their profitability.
The Centre for Policy Development says that while organisations have committed to considering the issue in their strategy, too few were using scenario analysis techniques to model impacts and responses.
Last year, Australia’s own Financial Stability Board’s Taskforce on Climate-Related Financial Disclosures had stepped up its warnings that climate change posed a risk to the financial system.