Rising To The Challenge Of Climate Disclosure
Investors, stakeholders, and regulators are increasingly looking to understand how organisations are addressing climate related risk.
Many governments are beginning to mandate climate related financial disclosure in line with Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.
New Zealand was the first country to introduce legislation making climate related disclosures mandatory for some organisations. From the end of 2023, reporting will be required against standards issued by the External Reporting Board (XRB) in line with TCFD recommendations.
Organisations must understand this changing reporting environment and the impacts on governance, strategy, risk management, metrics, and targets.
Aon’s new whitepaper explores climate disclosure requirements across the Asia Pacific region and shares insights and guidance on developing TCFD-compliant disclosures.
Climate change ambition without clear disclosure is no longer an option for companies. Investors, stakeholders, and regulators are all looking to understand how organisations are addressing risks associated with changes in our global climate.
Disclosures of climate-related risks currently lack standardisation and assurance, making comparisons across organisations difficult, as well as opening the door to ‘greenwashing’.
Climate-related legislation varies widely across the Asia Pacific region, but we are seeing more and more countries progressively moving towards mandatory TCFD-aligned climate-related financial disclosure.
Now is the time for companies to get ahead in their response to climate disclosure regulations. This means understanding the changing reporting environment and the impacts on governance, strategy, risk management, metrics, and targets to consider when developing effective disclosure frameworks.
As your organisation looks to address the risks and impacts of climate change holistically, Aon is here to support your journey towards a resilient and sustainable future.
Say hello to an Aon risk specialist today and find out how we can support you on your climate related risk journey.
Contact | Cecilia Tse | email@example.com