Congratulations to Climate Governance Initiative Australia and the Australian Institute of Company Directors on the success of yesterday's Climate Governance Forum, which saw nearly 2,000 board members attend. Thank you Rebekah Cheney for pulling together key takeaways from the conference on 🌏 #climate and 🐋 #nature, including the fact that we need to communicate the benefits of #ESG in a way that shows business 'value' rather than because of our 'values'. Read her takeaways below 👇 #climategovernance #CGF24
Nearly 2000 Australian Board Members today showed their commitment to successfully navigating business through climate change and nature & biodiversity loss by attending the Climate Governance Forum #CGF24. Congratulations to the Australian Institute of Company Directors and the Climate Governance Initiative Australia for convening an excellent series of panels. Key takeaways: 🌱 overseeing material risks and opportunities on climate and nature is no different to overseeing other material risks and opportunities. You need to know enough to understand them and you need business processes to manage them 🌱 disclosure of those material risks and opportunities must be meaningful and tell the story 🌱 ESG backlash is not as much of an issue in Australia as it is in the US but if we don’t communicate the benefits of ESG in way that shows business “value” rather than because of our “values” then a greater divide may arise 🌱 Mandatory nature related reporting is not on the government agenda but nature is a foreseeable risk and opportunity and directors are required to consider all foreseeable risks and opportunities Look out for our updated Directors Guide to Mandatory Climate Reporting which will be released soon. Sarah Barker, Christie Rourke, Laura Bacon, Louise Petschler, Anna Gudkov, Christian Gergis, Tom Imbesi, Jonathan Streng, David Rodgers, Chi Mun Woo, Victoria Whitaker, Paul Dobson, Katherine Wannan, Will Symons, Peter Holt, Kerry Cox, Noni Shannon, Anne Driver
