Australia sued for not disclosing climate as foreseeable risk
The class action alleges investors were misled by climate change not being disclosed with other financial risks in state exchange-traded bonds
22 July 2020 - 14:44
Melbourne — Australia’s government is being sued for not adequately disclosing the impact of climate change on its sovereign debt.
The class action filed in the federal court in Melbourne on Wednesday alleges the Australian Office of Financial Management (AOFM) and the treasury misled or deceived investors by failing to disclose climate change alongside other financial risks in its exchange-traded bonds, according to court documents...
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