2017 National conference
A New Scenario for Business
In 2016, the Financial Stability Board appointed Mr Michael Bloomberg to establish the Taskforce on Climate-related Financial Disclosures (Taskforce). Its primary role is to consider the climate change related risks to investments in the finance market.
The Taskforce has published its recommendations and the market is now considering the new reporting requirements. They represent a substantial change in the way firms report risks. In Australia, the regulator that has oversight of the finance market has indicated it is seriously considering these developments.
Our four speakers covered:
- the work the Taskforce has done to date, an overview of their recommendations and a snapshot of what is coming
- the wider policy risks from the transition
- how the Australian electricity market has tackled the transition a lower-carbon economy
- how the physical climate change risks to infrastructure and property can now be assessed by investors and competitors
Adrian King, KPMG partner responsible for Sustainability Services was the MC and panel moderator.