Mines and Environment
Climate Risk Workshop
Thur 31st October 2024
8.00am - 11.00am
Trinity on Hampden
230 Hampden Rd
Crawley Western Australia
Cost: $350pp
RSVP 25th Oct 24
Includes Morning tea, coffees and working materials
Limited capacity - please book early to avoid disappointment.
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Corporate ESG reporting in Australia has mostly been focussed on impact materiality (risks and impacts from a business). Impacts metrics have become well developed and incorporated by many companies as their ESG reporting has evolved.
However, financial materiality for non-financial ESG topics is considerably less common.
Financial materiality looks at risks and impacts to a business.
Whilst companies that have aligned their reporting with GRI, TCFD and CDP will have some experience with financial disclosures for non-financial topics, now that the Climate Bill has been passed, climate-related financial reporting will be not only mandatory but considerably more detailed with less optionality.
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And with nature and broader ESG likely to follow suit in coming years, it’s important to get your process right now.
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This workshop is essential for Mining, Energy and Environmental organisations required to meet Australia’s new climate and sustainability reporting standards.
If you're responsible for mandatory reporting or preparing for upcoming requirements, this session will guide you through integrating financial materiality into your ESG reporting.
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Whether you're just beginning or refining your process, you'll gain practical insights to meet the 2025 climate disclosure deadline and stay ahead of broader ESG regulations. Don't miss this chance to strengthen your reporting strategy and ensure compliance.
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Who needs to report?
Under Australia's proposed climate and sustainability reporting standards, large entities required to prepare and lodge annual reports under Chapter 2M of the Corporations Act must disclose climate-related risks and opportunities.
This includes both listed and unlisted companies, financial institutions, registrable superannuation entities, and registered investment schemes.
Entities are classified as large if they meet the size thresholds equivalent to the Large Proprietary Company definition. Additionally, asset owners managing over $5 billion are required to report.
Entities subject to both the Corporations Act and the National Greenhouse and Energy Reporting Act (NGER) must also disclose, regardless of size.
However, small and medium businesses below the size thresholds, along with certain exempt entities, are not required to report. Reporting for large companies begins in 2025, with gradual inclusion of medium-sized and smaller companies over the following two years.
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Who should attend?
This session is designed for Mining, Energy and Environmental organisations who need to fulfill mandatory reporting requirements, whether for the upcoming year or future cohorts
It will benefit both those who have already commenced the process and those who are just starting.
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This workshop aims to give you:
1. an overview of the likely standards,
2. an understanding where your gaps are (to minimum compliance),
3. information regarding impact quantification and materiality threshold setting and
4. a practical exercise looking at key disclosures to incorporate into your strategy.”
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Workshop Format:
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Introduction to mandatory climate disclosures and their role in ESG reporting.
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Overview of key disclosures required for compliance.
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Interactive gap analysis session using audience participation (Menti) to identify current challenges.
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Discussion on impact quantification and establishing materiality thresholds.
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Practical exercise to develop strategies for addressing compliance gaps, focusing on three key risks/opportunities;
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Circularity
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Easily quantifiable metrics
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Qualitative metrics that are challenging to quantify.
Learning Outcomes:
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Understand the upcoming climate and sustainability reporting standards and their implications.
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Identify specific gaps in current practices relative to minimum compliance requirements.
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Gain insights into impact quantification, including considerations on whether to quantify and how to set materiality thresholds effectively.
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Develop actionable strategies to integrate key disclosures into organizational practices.
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Enhance knowledge of the interplay between climate disclosures and broader ESG reporting frameworks.
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Certificates of Attendances are provided following the workshop