Climate-Related Disclosure Standards:
Practical guide for Directors & Senior Executives
One-day course to assist directors and senior executives understand the Climate Standard requirements at a strategic level, and appreciate the magnitude of the organisational change required.
Tuesday 14th November 2023
Pullman Hotel
Level 14
Corner Waterloo Quadrant & Princes Street
Auckland City
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1-DAY PRACTICAL COURSE |
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7.5 hours CPD
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Climate-Related Disclosure Standards: Practical guide for the C-suite to comply and take the opportunity to enhance the organisation’s resilience
- Is your organisation prepared enough for the Climate Standards which are now in force?
- How can your organisation enhance its resilience through robust planning to address climate adaptation and mitigation?
- Have you a clear plan to bring the whole organisation together to plan the transition?
To assist directors and senior executives understand what these standards require at a strategic level, and to appreciate the nature and magnitude of the organisational change required, INFINZ has developed this unique and focused one-day course.
Effective 1 January 2023, the Climate-Related Disclosures (CRD) regime is now mandatory for New Zealand’s largest 200 financial institutions, including large listed equity and debt issuers, insurers, banks, and Managed Investment Scheme managers. The associated Climate Standards, which support the regime, were developed by the External Reporting Board and finalised in December 2022.
The Climate Standards seek to support the allocation of capital towards activities that are consistent with a transition to a low-emissions, climate-resilient future. Because of this, the Climate Standards are far from a ‘tick the box’ compliance exercise. Instead, they necessitate a strategic and transformational response from both those directly impacted by the regime - and the organisations interacting with them. These Climate Standards make it clear that a ‘Business as Usual’ response will no longer suffice as we collectively build organisational resilience.
Benefits & Outcomes
The course aims to equip directors and senior executives with the knowledge needed to understand, and then practically apply, the core elements of the Climate Standards. It seeks to enlighten participants as to the impact the Climate Standards will have on their business model and strategy - notably to appreciate that the ‘Business as Usual’ approach is no longer an option as organisations transition to a low-carbon climate resilient economy.
Crucially, this course moves the conversation well beyond ‘tick the box compliance’ to a conversation enabling participants to confidently and purposefully improve their organisation’s resilience through robust actions to address climate adaption and mitigation.
The key objectives of the course are to have participants:
- understand the origins, mandate, core objectives, and key requirements of the Climate Standards
- be cognisant of climate change, and how applying the Climate standards directly impacts their organisation’s strategy and business model and necessitates change
- confidently challenge their organisation’s resilience to climate change, e.g. to evaluate the robustness of their current adaptation, mitigation and transition plans
- recognise their organisation’s role in the wider societal response to climate change as we collectively transition to a low-carbon climate resilient economy
- appreciate the expectations of directors, executive, and the role of regulator (FMA)
- realise how the Climate Standards, and an organisation’s climate impacts, affect their financial reporting
- look ahead at other leading developments in corporate reporting and areas of future focus both internationally and domestically
- learn from leading peers as to the actions they have taken to embrace the opportunities these Climate Standards present.
Programme Overview
The one-day course is broken down into six executive-focused sessions and will be held in Auckland CBD. Participants will engage with leading New Zealand practitioners and their peers, including through an interactive panel discussion.
This intensive, practical, and educative course will provide participants with valuable linkages between the Climate Standards and the business imperative to transition, such as changes to an organisation’s operating model, supply chain, products and services, financial spending and investment plans etc.
WHO SHOULD ATTEND
The course is tailored to directors and senior executives and others with an interest in understanding how the Climate Standards necessitate an organisation-wide response in support of the transition. It is expected the course would be of most benefit to senior professionals such as:
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PREPARATION
To ensure participants are able to obtain maximum benefit from the course, INFINZ requires each attendee to undertake pre-reading material to set the scene. The reading will be provided in the members section of the website and will also be sent to each registrant prior to commencement.
PROGRAMME & DATES
Pullman Hotel
Level 14
Corner Waterloo Quadrant & Princes Street
Auckland City
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SIX KEY SESSIONS |
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Arrival Time: 8.45am
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SESSION 1. Climate Change And Climate Standards Fundamentals. Content overview:
Participants will gain an understanding of:
FACILITATOR: Erica Miles, Director, West Nine Consulting |
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SESSION 2. Climate Standards And The Business Response. Content overview:
It will assist in moving the Climate Standards from a compliance requirement, to an important and useful tool in ensuring the future success of an organisation’s strategy and business model.
Participants will learn:
FACILITATORS: Andrew Jamieson, Partner, Sustainability & Climate Change, PwC |
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SESSION 3. Key Legal Risks From Climate-Related Disclosure. Content overview:
This session will provide participants with an appreciation of:
Participants will gain knowledge of:
FACILITATORS: Nicola Swan, Partner, and Alana Lampitt, Partner - Environmental and Resource Management, Chapman Tripp |
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SESSION 4. Expectations Of The Regulator And Interplay With Financial Reporting. Content overview: The first part of this session will provide participants with an overview of the FMA’s:
The second part of this session will cover how the Climate Standards, and an organisations climate impacts affect their financial reporting. Participants will learn:
FACILITATORS: Jenika Phipps, Manager, Climate Related Disclosures and Jacco Moison, Head of Audit, Financial Reporting & Climate Related Disclosures, FMA |
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SESSION 5. What’s Next – Moving Beyond Climate Reporting. Content Overview: The session will provide participants with an insight into the latest developments in climate reporting and broader sustainability reporting related work. The session will outline the likely wider reporting expectations anticipated over the coming years in this rapidly developing and evolving space. Participants will gain an understanding of:
FACILITATOR: Lisa Kelsey, Senior Project Manager - Climate Standards, External Reporting Board (XRB) |
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SESSION 6. Tips And Tricks - Panel Discussion With NZ’s Leading Executives. Content Overview: To conclude the course, INFINZ will bring together two to three of New Zealand’s leading directors and senior executives in an interactive panel discussion. This discussion will provide participants with practical insights based on their experiences to date in integrating climate resilience into their organisation, including how to get started, how to ensure an organisation-wide response, and how to effect the changes the Climate Standards call for.
SPEAKERS: Miranda James, Head of ESG: ANZ; Chair: NZ Bankers Association
Linda Robertson, Director: Alpine Energy; NZ Local Government Funding Agency; NETcon; Horizon Energy Group; Kordia Group; Invercargill City Holdings; SBS Bank; Chair: Crown Irrigation Investments; Central Lakes Trust
Jason Hollingworth, CFO: Vector MODERATOR: Erica Miles, Director: West Nine Consulting |
Speakers
Chapman Tripp
PwC
West Nine Consulting
FMA
FMA
Vector Limited
External Reporting Board
Chapman Tripp
Independent Director
ANZ
Cost & Registration
6 KEY INTERACTIVE SESSIONS
7.5 HOURS CPD
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INFINZ member price
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Non-member price
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33% discount for members located outside of the Auckland Region
Refund Ts & Cs
Tickets can be transferred to another person at any time without penalty (provided they are from the same charging group)
Full refund if cancelled more than 28 days prior to conference
50% refund if cancelled between 14 and 28 days prior
25% refund if cancelled between 7 and 14 days prior
No refund if cancelled within 7 days of the event
CONTACT details AND HOW TO REGISTER
Email Faith Robertson on support@infinz.com to register
or
Iona Gibbs on admin@infinz.com to enquire about membership