GNE - Genesis Energy

[Arthur]

The reason they are doing all this though is all about perception. They are worried that if they are not seen to be doing the correct thing then customers and consumers are going to leave/agitate in droves and that will hinder the bottom line. A bit of a catch 22. My partner is around the board room and she thinks this Global Warming/Climate Change is a crock of ****. However she cannot utter those words and has to be careful not to fall too far out of line with the new PC speak otherwise its that very board position that is compromised.

Wow!. Is your partner an antivaxer and flat earther as well? The rest of the board is probably aware of the risks.
ASIC encourages listed companies and their directors and advisors to:

adopt a probative and proactive approach to emerging risks, including climate risk;
develop and maintain strong and effective corporate goverance which helps in identifying, assessing and managing risk;
consider how best to comply with the law where it requires disclosure of material risks; and
disclose meaningful and useful climate risk related information to investors – the voluntary framework developed by the Taskforce on Climate-related Financial Disclosures can assist in this regard.

ASIC commissioner John Price said:

‘Climate change is a foreseeable risk facing many listed companies in the Australian market in a range of different industries. Directors and officers of listed companies need to understand and continually reassess existing and emerging risks (including climate risk) that may affect the company’s business – for better or for worse