Companies will need to manage their carbon performance for the next four decades at least if they are to protect shareholder value, says PricewaterhouseCoopers.
A PwC report titled Carbon Value says there is little doubt climate change represents a "real threat to companies' future earnings", and concludes that companies must "design and implement a robust and effective carbon management strategy".
The report provides a 10-step framework to identify the foreseeable impacts of climate change on business.
Mark Goddard, climate change partner at PwC for Australia, warned that companies that were slow to act could soon become unattractive to investors.
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