Climate change: targeting net zero
Climate change is one of the defining issues of our generation.
It goes to the core of organisational strategy and holds potential to influence the flow of capital. Increasing scrutiny around corporate governance and disclosure expectations relating to the management of climate risks, together with individuals who believe their rights have been directly impacted by climate-induced physical phenomena, puts climate change high on the radar.
There is no ‘one size fits all’ approach to navigating the risks and opportunities climate change presents as the country continues on the pathway scientists agree is needed: net zero by 2050.
Organisations will need to uniquely establish robust governance frameworks, provide accurate and relevant information to the market, and be open to change as the landscape evolves.
Thinking differently
'Below baseline' crediting scheme to go ahead
The Federal Government has earmarked $280 million in its Budget 2021 for the roll-out of a 'below baseline' crediting scheme, which was a key recommendation of an expert review led by Grant King (King Review). We briefly considers what this means for large emitters.
Key developments for APRA-regulated entities in managing climate risks
Recently released guidance from the Australian Prudential Regulation Authority and two new barrister opinions re-emphasise the need for banks, superannuation trustees, insurers, and other organisations, to respond to, and appropriately manage, financial risks associated with climate change.
Climate change litigation in Australia
The time is now for in-house counsel and sustainability teams to be aware of the growing risk of litigation in Australia and to be abreast of the wider global trends shaping the legal landscape.
Capturing the hydrogen opportunity
Australia's hydrogen industry is expected to contribute at least $11 billion to the national economy and generate around 7,600 job by 2050. This presents an enormous opportunity for Australian business. Our latest guide aims to help understand the opportunities and how to move forward.
Five steps for stronger climate governance, disclosure and compliance
The last few years have seen a dramatic expansion of governance and disclosure expectations in relation to climate change risks. The time is ripe for publicly listed companies to establish robust climate change governance and disclosure frameworks, and to ensure those frameworks are supported by effective implementation and ongoing review. Read how.
A growing tide? Climate change proceedings against Federal Treasury
In a first-of-its-kind action worldwide, representative proceedings were issued against the Australian Government for allegedly failing to disclose to investors the climate change risks attached to sovereign bonds. We assess the significance of these proceedings and outline the key questions your organisation and its Board should be asking to navigate the risks and opportunities.
Five ways to deliver on carbon reduction targets
As we move towards a carbon-constrained future and electricity prices rise, companies are increasingly looking for ways to deliver on their carbon reduction commitments, including purchasing electricity from renewable sources, managing their exposure to changing electricity prices and supporting carbon reduction initiatives.
Climate change is putting governance to the test
It is a financial imperative to actively navigate the risks and opportunities that the carbon transition presents. The impetus is now here for directors to reflect on what climate-related risks and opportunities mean for their fiduciary duties, and to take prudent steps to safeguard their organisations.
A climate change guide for legal and compliance teams
Understanding how climate change impacts strategic business decisions is now as complex as it is essential. This guide equips you with essential information in relation to the various areas of climate change law.