8-49 Climate change risk disclosure: A practical guide to reporting against ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations

Summary

The 4th edition of the ASX Corporate Governance Council’s: Corporate Governance Principles and Recommendations explicitly encourages entities to consider whether they have material exposure to climate change by reference to the Task Force on Climate-related Financial Disclosure Recommendations (TCFD). If an organisation does, then disclosures outlined by the TCFD are recommended. This is a critical guide to disclosing climate change risk and is relevant to any organisation – listed, non-listed or not-for-profit.

Thumbnail image for The 4th edition of the ASX Corporate Governance Council’s: Corporate Governance Principles and Recommendations explicitly encourages entities to consider whether they have material exposure to climate change by reference to the Task Force on Climate-related Financial Disclosure Recommendations (TCFD). If an organisation does, then disclosures outlined by the TCFD are recommended. This is a critical guide to disclosing climate change risk and is relevant to any organisation – listed, non-listed or not-for-profit.

Issuer

Australia

Year

2020

Region

Oceania

Issuer (type)

Governance Institute of Australia (Industry)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Voluntary Use

Main industries targeted

Finance & Insurance
Mining, Quarrying, Oil & Gas Extraction
Manufacturing
Arts, Entertainment, & Recreation

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 2: Zero Hunger
SDG 5: Gender Equality
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 13: Climate Action