CLIMATE-RELATED DISCLOSURES SERIES

CRD : KEY LESSONS FROM OUR FIRST CLIMATE STATEMENTS

29th August 2024
Lunch 12pm to 2pm 

MinterEllisonRuddWatts
Level 22, PwC Tower
15 Customs Street West
Auckland CBD



Are they delivering what is required?

Released in January 2023, the Aotearoa New Zealand Climate Standards were a world first.  Aotearoa New Zealand was held-up as a global leader.  

  • Have the first set of Climate Statements delivered as intended?
  • Are they delivering on the key objectives of the standards? 
  • Can investors confidently and reliably use these Climate Statements to inform their investment decisions?

BACKGROUND

The Aotearoa New Zealand Climate Standards have two key objectives.  The first is to provide a consistent framework for entities to consider their climate-related risks and climate-related opportunities so that Primary Users can assess the merits of this assessment so that investment decisions can be made.  The second is to support the allocation of capital towards activities that are consistent with the transition to a log-emissions, climate-resilient future. 

These disclosures are ultimately about transparently and honestly describing how your entity will position itself as the global and domestic economy transitions.  The standards themselves provide a valuable and robust framework to build organisational resilience, with capital directed to those activities and entities that are making the transition.

BENEFITS & OUTCOMES

In this interactive lunch session kindly hosted by Minter Ellison Rudd Watts, you will hear from the Financial Markets Authority and a selection of specialists to discuss their initial impressions of the first set of Climate Statements.  Topics to include:  

  • Initial impressions – what has been done well, and what needs to be improved?
  • Are there best practice examples in the market?  What makes them leading examples?
  • The view from the XRB, how are the statements lining up against the intent on NZ CS, and international trends.
  • The view from the Financial Markets Authority – what the areas entities need to improve for their second (and third) disclosures?
  • Are we seeing the synergies between the Climate Statements and Financial Statements?
  • Do these early disclosures contain what’s required to support investment decisions by Primary Users?
  • Are we seeing organisations improve how they position themselves to enhance its resilience through robust transition planning?

There will also be opportunities for participants to ask questions. 


WHO SHOULD ATTEND

The course is tailored to senior executives and other corporate professionals with an interest in understanding how to successfully transition their organisation.  It is expected the course would be of most benefit to senior professionals such as: 

  • Chief Executive Officers
  • Directors
  • Chief Financial Officers and Treasurers
  • Heads of Strategy and/or operations
  • Chief Risk Managers
  • Legal Counsel and Investor Relations
  • Senior Sustainability Managers
  • Strategic, legal and financial advisors to the C-suite.

ABOUT THE AOTEROA NEW ZEALAND CLIMATE STANDARDS

The Aotearoa New Zealand Climate Standards came into force on 1 January 2023 and apply to Climate Reporting Entities that are required to report under the Financial Markets Conduct Act 2013.

The Standards have two objectives:

  • To provide a consistent framework for entities to consider the climate-related risks and climate-related opportunities that climate change presents for their activities over the short, medium and long-term. This is to enable Primary Users to assess the metrics of how entities are considering those risks and opportunities, and to make (investment) decisions based on these assessments.
  • To support the allocation of capital towards activities that are consistent with the transition to a log-emissions, climate-resilient future.

Date and Time

29th August 2024
MinterEllisonRuddWatts
Level 22, PwC Tower
15 Customs Street West
Auckland CBD  


Time: 12pm - 2pm
Light lunch then formalities from 12.30pm


Speakers

MinterEllisonRuddWatts


External Reporting Board

Harbour Asset Management


West Nine Consulting


Cost & Registration

Prices

Members over 40
$35.00

Members under 40
$15.00

Non-member price
$75.00

Note: All prices include GST and are represented in New Zealand Dollars. Regrettably, registration fees cannot be refunded when cancellations are recieved within three working days prior to any event.


CONTACT details AND HOW TO REGISTER

Email Faith Taylor on support@infinz.com to register

or

Iona Gibbs on admin@infinz.com to enquire about membership

MoST Content Management V3.0.9057