The level of climate-related disclosures by ASX200 companies lags the rest of their sustainability reporting, according to a report from the Australian Council of Superannuation Investors (ACSI).
For the first time, ACSI has included climate-related disclosure by ASX200 companies in its annual corporate sustainability report due to heightened interest in climate-related risk among its members.
According to ACSI CEO Louise Davidson, 70 ASX200 companies did not measure greenhouse gas emissions, have a policy or statement on climate-related risk or a related target in 2016.
The best performing sector for climate-related disclosure was banking, with five out of seven banks reporting three key indicators: emissions, a policy and a target.
ACSI’s analysis found that 116 ASX200 companies (58 per cent) reported on greenhouse gas emissions in 2016. In addition, 88 ASX200 companies (43 per cent) published policy statements acknowledging climate change as a business risk. However, only 49 ASX200 companies (25 per cent) disclosed a climate or energy efficiency-related target.