Research house Regnan's 2021 Engagement Impact Report, noted 44 companies including Australian super fund HESTA, BHP Group and Rio Tinto are addressing issues such as climate change, sustainable agriculture, modern slavery and the role of board overseeing the conduct of executives.
On the subject of climate change, Regnan revealed a third of the ASX 200 have “elevated exposure to the physical risks of climate change, with the potential to impact financial performance over the short to medium term”.
The report added: “Despite this, initial climate scenario analysis has typically focused on transition risk, potentially stalling adaptation efforts.
“While we have seen some improvements in recent years, especially amongst companies we would consider to be high risk, opportunities remain for this analysis to be more granular and better embedded within company decision making.”
The news comes only a week after the IPCC released the latest global warming report that UN secretary-general Antonio Guterres described as a “code red for humanity”.
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
