Australian mining giants ‘may be breaking law’ by ignoring climate change risks

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Investor group finds most companies dismissing climate as a financial risk to their business, in breach of legal requirements

More than a dozen of Australia’s largest mining and infrastructure companies may be in breach of their legal duties by refusing to consider the financial risks posed by climate change, an investor action group says.

In September, the Australian Securities and Investments Commission published a report that said “the law requires” relevant companies to “include a discussion of climate risk” in their annual report.

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