Due to the potential financial material impacts of climate change, climate risk assessments are critical to all businesses. However, unless your company is a large or publicly owned with an internal risk specialist, or is partnered with an external professional consulting firm, climate risk might not be included in your current assessment.

Additionally, from July 2024, mandatory climate related financial risk disclosures are being introduced in Australia for large listed entities and financial institutions. Your company might not be directly impacted by these new reporting requirements, but large organisations in your supply chain will be. So developing a foundational understanding of your own climate risk exposure is a critical step to future-proofing your business and operational relationships.