climate risk

Superannuation companies risk legal action over woeful climate disclosure

Most large Australian superannuation companies have provided no, or inadequate, evidence that they’ve considered climate risk in their investment portfolios, putting trustees at risk of legal action, according to a new legal opinion released today by Noel Hutley SC and James Mack.

Shareholders drag CommBank to court over climate change failure

Amid accusations of repeatedly breaching money laundering laws that may have led to the funding of terrorism, the Commonwealth Bank has found itself in yet another saga, now being dragged to court by angry shareholders for failing to adequately disclose climate change risk.

Australian climate risk software goes global

The Cross Dependency Initiative (XDI), a climate risk and adaptation analytics software developer, is scoring work at home and abroad from institutions, governments and asset owners looking to get hard dollars and cents insights on new or proposed assets.

Climate risk disclosure comes of age

Companies’ disclosure of business risks from climate change could become mandatory in a few years as pressure from investors gathers pace.

Miami Beach storm

Is TCFD missing the mark?

Has the rush to deliver Task Force on Climate Disclosure reporting opened the door for misleading corporate risk data?