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Businesses need to act on climate challenges, not just carbon emissions: Climate policy expert
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Carbon emissions are not good indicators of possible financial losses to companies, and climate disclosures should not be just about checking the boxes, a climate policy expert warns.
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SINGAPORE – Carbon emissions are not a very good indicator of financial risks to a company, said an environmental policy expert.
Dr Christopher Au, who heads risk management and insurance broker WTW’s climate and resilience centre in the Asia-Pacific, said in an interview that his research found that Scope 1 emissions have no correlation with the financial risks to firms.
