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AAP

Poppy Johnston

Investors left guessing on corporate climate costs

Mary Stewart ERM

Global temperature rise and decarbonisation will materially affect earnings, big firms say. (Julian Smith/AAP PHOTOS)

Two-thirds of Australia's largest companies are owning up to material climate risk but only a third have put a dollar figure on exposure.

The few big firms that have crunched the numbers suggest global temperature rise and decarbonisation will have a material impact on cash flows and earnings.

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