Australian regulators ASIC and ACCC now acknowledge the foreseeability of climate-related financial risks.
“As the stewards for long-term performance and resilience, the board should determine the most effective way to integrate climate considerations into its structure and committees.” Australian Institute of Company Directors Climate Risk Governance Guide 2021
"It is conceivable that directors who fail to consider climate change risks now could be found liable for breaching their duty of care and diligence in the future”. Legal Opinion on Climate Change and Australian Directors’ Duties, Minter Ellison, 2016
By conducting a comprehensive review of your board capabilities based on the Australian Institute of Company Directors Climate Governance Board Readiness Check, we will provide valuable insights on where the current strengths of your board reside in relation to climate governance and where the opportunities are for growth.
A climate governance check is an excellent tool in supporting boards as they mitigate and manage known and unknown risks for your organisation.
Climate governance are the internal processes and systems that organisations put in place to manage their impact on the environment and respond to the challenges of climate change. It includes the development of policies, plans, and strategies aimed at reducing greenhouse gas emissions, conserving energy and natural resources, and promoting sustainable practices.
Organisational climate governance often starts with a commitment from top-level management to prioritise sustainability and reduce the organisation's carbon footprint. This can be reflected in an organisation's mission, values, and goals, and is often supported by specific policies and procedures for measuring, reporting, and reducing emissions.
Get in touch to find out how we can support your organisation with a comprehensive Climate Governance Board Readiness Check.