Climate Change and Business Risk - PDB1125
Developing a strategic approach
Is your company prepared for the climate transition already underway? Can you respond effectively to changing expectations from investors, regulators and customers? How do you support your board in discharging their fiduciary duties related to climate risk?
Investors, regulators and customers increasingly acknowledge climate change as one of the defining challenges of our generation. Companies are now expected to demonstrate a competent response to this challenge. Already affecting organisational operations, reshaping markets and the structure of the economy, our changing climate is no longer just a corporate responsibility issue – it is a financial and strategic issue.
The Task Force on Climate-Related Financial Disclosure (TCFD), a global organisation of 32 members aiming to develop guidelines for voluntary climate-centred financial disclosures across industries, has developed a framework for use by companies to provide information to investors and financiers.
Its recommendations relate to governance, strategy, risk management, metrics and targets and offer a useful framework for integrating climate risk into strategy.
Through this short course, we’ll show you how to move past short-term pressures, policy uncertainty and the difficulty of organisational and systems change, to develop and implement a strategic approach for successfully integrating climate change into business strategy.
This course is run by Monash Sustainable Development Institute (MSDI) and ClimateWorks Australia.
Alumni discounted fees