Three-quarters of companies don’t acknowledge climate risks.

Three-quarters of companies don’t acknowledge climate risks.

"That is the stark conclusion of a new report from consultancy giant KPMG, which reveals that 72 percent of large and mid-cap companies worldwide do not acknowledge the financial risks of climate change in their annual financial reports."

[COMMENTARY] One reason for this is that companies don’t yet see the investor/analyst/regulatory demands for it. Also, companies don’t want to add to their potential liabilities by acknowledging possible associated costs that could hurt long-term profits, stock prices, and executive compensation from stock options!
Three-quarters of companies don’t acknowledge climate risks, by James Murray, October 19, 2017, GreenBiz, USA.

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