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Potential for misuse of climate data a threat to business and financial markets Climate information is at risk of being misconstrued and used inappropriately in financial reports and has the potential to expose businesses to significant risk, according to a new paper by Australian researchers.
The findings are published in the prestigious journal, Nature Climate Change, and calls on businesses, the financial services industry and regulators to work more closely with climate scientists.
Regulators and governments – both domestic and international – are increasingly requiring that businesses assess and disclose their vulnerability to the physical effects of climate change, for example, increased drought, bushfires and sea level rise.
Employment by Cara Jenkin
Premium Content The biggest cultural shift since the eight-hour work day was introduced will be experienced in offices this year as employers and workers wrestle over the location of where to work. A hybrid model is forecast to win out but how many days will be spent at home and the office and what effect that will have on team dynamics and productivity is unknown, with the perfect formula yet to be established. Both employers and employees may need to compromise as employers rely on having engaged staff, and workers increasingly value job security. Before the COVID-19 pandemic forced most office workers to work from home, the University of Sydney Business School reports 19 per cent of employees regularly worked from home.
Wage theft crisis opens gate for graduates who can navigate IR waters
By Marian Baird and Stephen Clibborn
January 29, 2021 â 12.00am
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Amid all the challenges of the global pandemic, there was another issue that loomed large last year: wage theft in businesses that are household names.
From Qantas to the ABC, restaurants headed by celebrity chefs and even commercial law firms, revelations of wage theft have been rampant in recent times. In response, many large businesses are increasing their efforts to comply with minimum wage laws, but where will they find the expertise to ensure they are doing it correctly when they tire of paying hefty consultancy fees?
Employment lawyers say staff generally have no legal right to insist on working from home instead of a COVID-safe office, but many bosses are not exercising their right to force the return of staff following the recent outbreaks in northern beaches and inner west.