Australian businesses must do more to disclose climate change risks to investors, Asic says

Financial analysts say regulator's report makes it clear 'many Australian companies are not meeting their legal requirements'

Australian companies should be doing more to disclose risks to their business from climate change, according to a report by the corporate regulator Asic.

The review, published on Thursday, examined climate risk disclosures by 60 companies in the ASX 300, in 25 recent initial public offering (IPO) prospectuses, and across 15,000 annual reports.