From www.charteredaccountantsanz.com: A joint research report by CA ANZ, the University of Melbourne, the University of Queensland, and the AASB reveals that 38% of companies now disclose climate-related risks in their financial statements, a significant increase from 18% in 2021.

Energy and utilities sectors show the highest prevalence of such disclosures, with 77% and 75% respectively, while the consumer staples, industrials, health care, and real estate sectors also demonstrate notable growth in climate risk reporting.

The report indicates that companies are increasingly flagging climate risks in relation to asset impairment, critical accounting estimates, and estimating the useful lives of assets.