Insights|Mandatory disclosure planning and execution​|Climate governance​|Transition planning​

Inside the Climate Disclosure Conversation: What we’re hearing across Australia 

Co-authored by
Mark Siebentritt, Global Climate Practice Lead at Edge Impact and Courtney Roe, Director at McGrathNicol

Climate Governance|Climate Risk|Corporate Governance|Climate Disclosure Reporting

“Meeting the requirements of AASB S2 will require input and engagement from  different internal stakeholders including finance, risk, sustainability and executive teams.

Defining roles and responsibilities early in the journey, putting assurance in relation to the ASRS on the Board’s agenda, and obtaining buy in from the executive team will ensure a smoother process to compliance.”

Courtney Roe, Director, Deals at McGrathNicol

"Group 2 and 3 entities in the supply chain for Group 1 entities should prioritise preparing for mandatory climate reporting now. Early action isn’t just about compliance, it’s becoming essential to remain a preferred provider of goods and services."

Mark Siebentritt, Global Climate Practice Lead

“Across all three sessions, we heard similar questions about AASB S2, particularly around its relevance for customers and supplier data. It was great to see the conversations shift beyond compliance, with many focusing on the strategic benefits and practical steps for implementation.”

Jake Atkinson, Principal Consultant, Climate

“The purpose of the disclosures must be front of mind when determining the extent of information and supporting analysis to disclose.

What is relevant and important to your investors and stakeholders? Could omitting certain information potentially influence the decision-making of users of the financial statements?”

Lucille Nicoll, Director, Deals at McGrathNicol

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29 July 20245 min. read

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