Embracing Climate Change Risk: Achieving Remarkable Customer and Business Outcomes
The actions of leaders across the business are critical for successful climate risk and business outcomes. We focus on helping organisations assess, define and embed climate risk strategies through engagement of the Board and senior management.
Implementing proportionate governance, risk management, scenario analysis and disclosure practices will be important. Our approach considers these 4 key elements to develop climate risk identification and disclosure in an organisation:
The role of the board is to seek to understand and regularly assess the financial risks arising from climate change that affect the institution, now and into the future. Our role is to assist boards and management successfully deliver these undertakings and ensure the organisation can apply the most efffective risk framework to assess and manage climate risk.
2. Risk Management
Our approach focuses on helping your organisation develop effective policies and procedures around climate risk. Our approach focuses on helping organisations identify, monitor, implement best practice controls and report on climate risks. Through our model of risk be design, we support your business in achieving your climate risk goals.
3. Scenario Analysis
We assist organisations to develop capabilities in climate risk scenario analysis and stress testing. This analysis will inform their risk identification over both the short and long-term. Consideration will be given to physical risks and the impact of future temperature rises, including the economic transition pathway (both orderly and disorderly).
We assist organisations align with regulatory guidance, best practice and produce disclosures that are in line with the TCFD framework and the new ISSB (IFRS S1 / S2 standards). This aligns to the increasing demand from investors around the need for more transparency around the climate risks that an organisation faces.
How we can help strengthen your sustainability risk strategy
Governance Review: Assess governance over climate related risks / opportunities and Board readiness.
Strategic Review: Potential impacts, risks and opportunities on your business.
Risk Integration Review: Policies, risk profile/risk & control self-assessment, risk appetite & taxonomy.
ESG Framework uplift: Design and implementation support for ESG frameworks.
Regulatory disclosure (TCFD): Review impact of new ISSB (IFRS S1/S2 standards) to your business. Support in design and implementation of regulatory disclosure requirements.
Climate Risk Support
Enhance your board's readiness with our comprehensive services, tailored to support your success.
We offer expert education on ESG, climate risk health checks, furnish a Board Room Toolkit & Online Questionnaire, and provide invaluable assistance in board and management oversight and governance.
Get in touch with us today to empower your business for the challenges of tomorrow.