Key Contacts

Climate risk disclosure and Reporting

Business has a key role and responsibility in managing climate risks. Proactive climate risk management should improve profitability and help sustain the environment and communities in which they operate.

Businesses now have a significant array of tools, resources and frameworks to help assess, manage and report climate risk. Government regulators and investors are increasingly demanding transparent climate risk disclosure from listed corporations and high risk sectors.

The Corporations Act 2001 requires listed companies to disclose risks that may impact investors or financial performance.  ASIC has stated that companies should consider climate change in internal risk assessment, and provide meaningful climate risk disclosure to external stakeholders.  ASIC has also stated that company directors and officers must understand and continually reassess relevant climate change risk.

ASIC and the Australian Institute of Company Directors both recommend reporting climate risk exposure via the Task Force on Climate-related Financial Disclosures (TCFD) framework. The TCFD was established by the G20 Finance Ministers and Central Bank Governors to improve climate-related disclosure.

Voluntary carbon and climate reporting are now central components to many Environmental, Social and Governance (ESG) programs.   Similarly, a growing number of organisations are aligning their ESG reporting programs to the UN’s Sustainable Development Goals (SDGs).  Well planned ESG programs can efficiently realise the benefits of reporting against leading global initiatives such as CDP (formerly the Carbon Disclosure Project), GRI (Global Reporting Initiative) and SDG (Sustainable Development Goals).

Umwelt understands climate risk and the ways in which climate change can influence business performance.

Our services include:

  • Preparing climate risk disclosures
  • Preparing data and analysis for CDP, GRI and SDG reporting
  • Developing CDP, GRI and SDG reporting strategies and programs
  • Completing materiality assessments of climate risks
  • Completing TCFD framework gap analysis to develop disclosure strategies
  • Developing greenhouse gas emission inventories, to identify Scope 1, 2 and 3 emissions (https://www.umwelt.com.au/services/greenhouse-and-energy/)
  • Developing evidence based and realistic greenhouse gas mitigation targets (https://www.umwelt.com.au/services/greenhouse-and-energy/)

 

Key Contacts

Send us a Message

Our team has the experience and expertise to deliver, and we are keen to make a difference for our clients.

  • This field is for validation purposes and should be left unchanged.