Warning
The content on this page has been converted from PDF to HTML format using an artificial intelligence (AI) tool as part of our ongoing efforts to improve accessibility and usability of our publications. Note:
- No human verification has been conducted of the converted content.
- While we strive for accuracy errors or omissions may exist.
- This content is provided for informational purposes only and should not be relied upon as a definitive or authoritative source.
- For the official and verified version of the publication, refer to the original PDF document.
If you identify any inaccuracies or have concerns about the content, please contact us at [email protected].
Climate Governance Roadmap
This diagram illustrates a climate governance roadmap, depicting a winding path with various steps related to climate-related issues for an organization. Each step is represented by an icon and associated text.
The roadmap progresses through the following key areas, with questions and descriptions for each:
Climate Governance Roadmap
Position
- What arrangements does the board have in place for assessing and considering climate-related issues?
- What is the board's view of the climate change challenge, and what assumptions is it making?
Information
- What insight does the information give the company and how is it being integrated into strategic planning?
Focus
- What information and metrics do the board monitor in relation to climate-related issues?
Prepare
- Is the board preparing for different outcomes where there is uncertainty?
Disclosure
- Does the board consider the climate-related reporting to be fair, balanced and understandable?
- Is the organisation planning to report against the TCFD? If so, what can be shared about the progress made and what are the plans for disclosure?
Responsibility
- Who has responsibility for climate-related issues?
- How are the board and/or committees involved and how often are climate-related issues considered?
- What arrangements does the Executive Committee, or other divisional levels, have in place for assessing and considering climate-related issues, and who has responsibility for them?
Risk
- What information helps the board understand the company's risk profile?
Review
- How does the board, establish, monitor and oversee, including modifying, climate-related goals and targets?
- Has the board reviewed its public policy approach to climate-related issues for consistency?
Comfort
- How does the board get comfort over the metrics being used to monitor and manage the relevant issues?
Skills
- What competence and expertise does the board feel it needs, or needs access to, in order to consider and address the challenges climate-related issues pose?
Financial Reporting LAB
Lab web-page