Shaping the future with our clients, people and communities
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.
Working with our clients
Voluntary carbon offsetting
Advised financial sector clients to procure carbon units to become carbon neutral by voluntarily procuring carbon offsets. This involved advising on the National Carbon Offset Standard, as well as negotiating tailored ISDA documentation for the staged transfer of carbon units.
Mitsubishi on acquisition of Australian Integrated Carbon
On the acquisition of a 40 per cent interest in Australian Integrated Carbon Pty Ltd (AIC), a carbon farming developer who assists landholders in generating Australian carbon credit units.
Carbon Pricing Scheme
Advised clients, including Rio Tinto, Woodside Energy, Newcrest Mining and Xstrata, as well as numerous electricity generators, gas transporters, LNG/gas producers and electricity/gas retailers, on their compliance with the previous federal carbon pricing scheme.