Australian firms told to catch up on climate change risk checks

New report says Australian companies lag behind international organisations

Australian companies are not doing enough work to model the risks of climate change and how it will affect their profitability, a new report by a thinktank says.

Progressive thinktank the Centre for Policy Development says that while most companies have committed to considering what climate change and the Paris climate agreement means for their business strategy, too few have begun using scenario analysis techniques to model what its impacts could be and how to respond to it.