Businesses need to be ready for climate-change reporting
Stakeholders - particularly investors - have placed an increasing emphasis on climate change, making this all about the bottom line.
WHILE climate change is emerging as a critical concern, our attention on the financial impacts of this change, particularly the disclosures, is still nascent. For businesses, climate change can result in unprecedented economic consequences such as business disruptions and losses in property and firm values.
It is against this backdrop of uncertainties that investors and the other financial players are seeking more information that helps them to assess risks related to climate change in their assessment of investing products. The growing demand for such information has only highlighted the gulf between what users expect and what is available in the market.
CLOSING INFORMATION GAP
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