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Climate-risk reports critical, politicians hear

Monday 10 Feb 20 9:00am

 

DIRECTORS of large companies, Crown entities and any organisation participating in the Emissions Trading Scheme should have to provide an annual signed and audited statement of climate risk, Parliament is being told.

The Governor of the Reserve Bank, Adrian Orr, has repeatedly warned that lack of action on climate change threatens financial stability, and the Government is considering making climate-related financial disclosures mandatory.

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