Reporting For Duties: ESG Reporting in Australia - ASRS: Risk management pillar

Climate-related risk is probably one of the better understood concepts under ASRS, however, how will companies expand that framework to include disclosure of their management (i.e. identification, assessment, prioritisation and monitoring) of climate-related opportunities as well?The ASRS risk management pillar requires companies to deep dive into their risk management framework (processes, policies and perspectives) and use scenario analysis as a tool to stress test company performance. While risk management is often a structured process internally, in this episode we talk about the learning curve for companies to consider climate opportunities with the same level of rigour and formalised process.