With the release of the Financial Stability Board’s Final Recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) and increasing expectations from investors and Australian regulatory bodies, there has been a growing impetus for companies to assess and report the risks posed by climate change.

Investa identified the TCFD Recommendations as an opportunity to work alongside investors to determine best practice reporting. With this in mind, they directly engaged investors to better understand investor expectations and co-define a best practice approach to disclosing climate risk. The result of this engagement was the development of a three-year phased approach to refine key material risk and associated financial exposures. The following case study details the first phase of these works, the identification of key material climate related risks and opportunities.