Of the minority that do acknowledge climate-related risk, less than one in 20 (4 per cent) provides investors with analysis of the potential business value at risk. KPMG’s survey studied annual financial reports and corporate responsibility reports from the top 100 companies by revenue in each of 49 countries, a total of 4,900 companies. They are closely followed by the automotive (38 per cent) and utilities (38 per cent) sectors. When looking specifically at the world’s 250 largest companies (G250), public acknowledgment of climate-related financial risk is more common but still far from universal. However, the research found only six G250 companies that have informed investors of the potential financial impact of climate risk through quantification or scenario modelling.

Source: The Nation Bangkok November 06, 2017 06:45 UTC