Question: Climate-related risks include those from potential acute or chronic natural disasters, change in climate patterns and the related technology, market, legal and changes in government

Climate-related risks include those from potential acute or chronic natural disasters, change in climate patterns and the related technology, market, legal and changes in government policies risks. The ASIC has required companies to disclose their management of climate risks in their operational and financial reports. As Part of Principle 7.4, the ASX recommended publicly listed companies to provide relevant disclosures based on the Task Force on Climate-related Financial Disclosures (TCFD) framework.

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(i) Real financial implication in non-financial risksby CAANZ 2 Oct 2019.

(ii) 'Everyone was watching': BlackRock is showing its hand on coalby Nick O'Malley

Answer the following questions:

Discuss, taking anagencytheory lens, why climate-change-related risk disclosures matter to shareholders.
Discuss, taking themanagerial branch of stakeholdertheory lens, why climate-change-related risk disclosures matter to key stakeholders. Clearly identify and discuss at least two key stakeholders.

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