Why climate risk is being left off company balance sheets

CAANZ reporting and assurance leader Amir Ghandar. (Image: CAANZZ)

Fri, 21 Mar 2025

The number of NZX50 companies reporting climate risk in their core financial reports has more than quadrupled over four years, but none have yet put a dollar value on that risk.Neither have any of the Australian Securities Exchange-listed companies (ASX) or overseas companies looked at in a new report co-authored by Chartered Accountants Australia and New Zealand (CAANZ).In NZ, 60% of NZX50 companies analysed disclosed climate risk in their 2024 financial reports, up from 40% in 2023. The disclosures appear in notes to financial statements but...

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