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Addressing financial system climate risk: A view from the regulator - Keynote: Kate O'Rourke ASIC Commissioner
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A director’s guide to mandatory climate reporting
This guide covers Australia’s mandatory climate reporting, requiring large entities to disclose climate risks and opportunities from January 2025. It provides directors with practical steps for compliance, focusing on governance, strategy, and risk management, and encourages proactive engagement to build long-term organisational resilience.
Climate Change Laws of the World tool
The Climate Change Laws of the World tool offers a comprehensive database of climate legislation and policies from across the globe. It provides finance professionals with access to legal frameworks and regulations that impact investment decisions, promoting informed, sustainable finance practices in alignment with climate-related goals.
The changing climate policy landscape: Considerations for policymakers and the needs of investors
This report outlines eight key features of effective global climate policies. It analyses how different approaches to policy design shape capital markets' responses. The report also calls on governments to create policies with clear short, medium, and long-term targets that provide the right incentives and ensure a just transition.
Right direction, wrong equipment: Why transition risks do not fit into regulatory stress tests
The authors of this report explore the challenges of integrating climate-related risks into regulatory stress tests. They demonstrate that supervisory risk assessment frameworks struggle to capture long-term systemic risks, and offer recommendations for developing a 'long-term risk;' supervision 'infrastructure.'
Chapter Zero New Zealand Board Toolkit
This toolkit is published to provide tools, support, and encouragement to prioritise climate change on boards and within organisations. The resource outlines 5 steps to ensure boards are well-equipped to address climate change, with relevant industry sector case studies.
Climate risk governance guide: An introductory resource for directors on climate risk governance
The guide provides an introductory resource for directors on climate risk. It considers fundamental concepts, distinguishes key industries impacted by climate change, and outlines duties and expectations of directors. Governance and reporting frameworks are discussed, with due care and diligence emphasized for adequate disclosure.
Superannuation fund trustee duties and climate change risk
This report analyses the duties of trustee directors in relation to climate change risk under the Superannuation Industry (Supervision) Act 1993. It concludes that climate change risk should be considered by trustee directors to the extent that risks intersect with beneficiaries' financial interests. Trustees should weigh relevant information and keep records documenting the decision-making process.
Superannuation fund trustee duties and climate change - updated memorandum of opinion 2021
This is an updated memorandum of opinion with the last one given in 2017. The report looks at recent regulatory and industry statements and develops a two-step approach superannuation trustees should take to remain compliant with their regulatory obligations. Trustees must understand the risk posed by climate change to investments and manage any identified risks.
The carbon boomerang: Litigation risk as a driver and consequence of the energy transition
This report discusses and identifies climate change related litigation risks as drivers and consequences of an energy transition. It presents a taxonomy of those risks and analyses them in the broader context of the financial risk associated with them.
Directors' liability and climate risk: Comparative paper - Australia, Canada, South Africa and the United Kingdom
The report provides a high-level legal analysis of directors' duties that relate to climate risk in four major Commonwealth countries: Australia, Canada, South Africa and United Kingdom. It captures the evolving priorities of organisations and their need to provide greater transparency on climate risks.
Climate change: Awareness to action
Australian Prudential Regulation Authority (APRA) has highlighted the financial risks of climate change facing financial services organisations, saying that they are material, foreseeable and actionable now. APRA’s survey of 38 entities summarises the activities that those entities are adopting to mitigate financial risks. This information paper provides APRA's insights into responses to their survey.