Environment
ASX is committed to minimising its own environmental footprint and supporting a smooth and orderly transition to a low carbon economy.
ASX is committed to minimising its own environmental footprint and supporting a smooth and orderly transition to a low carbon economy.
As a technology-based services and infrastructure company, ASX is not materially exposed to direct climate change risks.
We are a diverse, customer-orientated organisation offering a range of activities that include the issuance, trading, clearing and settlement of equity, debt, futures and other derivative instruments, as well as the provision of technical and data services.
ASX’s equity market has over 2,200 listed companies that participate in a wide-range of activities throughout Australia and across the world. The aggregate mix of activities undertaken by listed companies is continually changing as economic forces influence a company’s ability to attract capital and the preparedness of investors to take on risk and outlay funds.
Like other companies, ASX is exposed to the risk of changes in regulatory pricing related to climate change. For example, increases in electricity costs. However, our view is that these risks are not material to ASX.
ASX helps to play a role in the smooth and orderly transition to a low carbon economy. We are committed to providing a marketplace with a framework that enables companies to consider and disclose their material risks adequately (including to climate change) and which allows investors to make informed decisions about where to allocate funds and build wealth for the long-term.
ASX supports companies that identify climate change as a material risk by endorsing best practice disclosure. Through the framework of the fourth edition of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, ASX encourages companies to report material risks using the Task Force on Climate-related Financial Disclosure. The framework provides useful guidance to help listed entities produce information for investors and other stakeholders to assess and price climate-related risks and opportunities.
We measure and manage our impact on the environment.
