On this page

Climate-Related Disclosures Masterclass Series

Rydges Auckland, Level 1 (Kingston seminar rooms 1 & 2)
59 Federal Street (cnr Kingston Street), Auckland Central

Day 1:  Tuesday 1st November 2022 + Evening Networking Drinks
Day 2:  Wednesday 2nd November 2022
Day 3:  Thursday 3rd November 2022



3-DAY PRACTICAL COURSE
21 hours CPD
12 practitioner-focused sessions
15 expert presenters
All sessions in person
Morning and afternoon tea, lunch provided
Includes networking drinks on Day One

Download the Brochure

CRD Masterclasses Introductory Series - March 2022
"... it was one of the best CPD events I have ever undertaken."
Mark Butcher, Chief Executive, Local Government Funding Agency

The Climate-Related Disclosures (CRD) regime will be mandatory for New Zealand’s largest 200 financial institutions and large listed issuers, including corporates, starting with reporting periods on or after 1 January 2023.

As the CRD regime also provides a powerful framework for corporates to frame their climate change response and improve organisational resilience, it is expected that, over time, the CRD regime will be more widely adopted.  This is in response to the rapidly evolving expectations and requirements of stakeholders, such as investors and other financial institutions, and the need for organisations themselves to urgently adapt to, and to mitigate the effects of, climate change.  

To assist corporates understand the journey required, INFINZ has developed a unique and focused CRD training course.  This interactive course will provide participants with valuable insights into the practical application of the core elements of the CRD regime.  It aims to empower corporates to commence their climate change journey – a journey framed against the Taskforce on Climate-Related Financial Disclosures (TCFD) – enabling them to largely use their own resources, where appropriate.  

The course seeks to pragmatically unpack the essential ‘how to’ elements of the CRD regime:  from how to establish effective management governance structures, through to how to set effective targets to improve an organisation’s resilience to climate change.


Benefits & Outcomes

The aim of the course is to equip corporates with the knowledge to understand, and then practically apply, the core elements of the CRD regime.  The course aims to empower corporates to confidently undertake their own CRD journey, using their own resources, where appropriate. 

Crucially, this course seeks to move the conversation beyond ‘tick the box compliance’ to a conversation which enables participants to strategically improve their organisation’s resilience through robust climate adaption and mitigation.

The key objectives are to:

  • assist corporates and the wider eco-system, on the practical application of the core elements of the CRD regime, e.g. through assessing the physical risks of climate change
  • empower corporates to confidently unpack, and undertake, the core elements of the CRD largely using their own resources, e.g. carbon footprinting and emission reduction planning
  • challenge attendees to consider their organisation’s resilience to climate change, e.g. to evaluate their current adaptation and mitigation plans
  • have participants develop their unique practical implementation plan for their organisation - this will form a key deliverable from the course.

programme overview

Participants will engage with leading New Zealand practitioners from Chapman Tripp, Deloitte, EY, Tonkin and Taylor and PwC, regulators and standard setters FMA and XRB, and moderated by sustainable finance expert Erica Miles from West Nine Consulting. Topics cover a wide range of areas such as:  getting started on carbon footprinting and emissions reduction planning;  understanding and assessing physical risks and transitional risks;  the integration of climate change in corporate operating model and strategy;  how to factor in climate risks into financial models; and getting started on scenario analysis. 

The course is broken down into 12 practitioner-focused sessions incorporated into three consecutive days in Auckland. 

The course will encourage interactivity and involve practical exercises to support participants depth of understanding and the practical application of the CRD regime’s core elements. 

Throughout the course, time will be provided to enable participants to reflect on their own organisation’s performance, and to input into their unique CRD implementation plan.


WHO SHOULD ATTEND

  • finance, including accounting professionals such as CFO's, treasurers, finance and planning executives
  • investor relations
  • legal counsel
  • risk management and internal audit

  • heads of strategy and/or operations
  • sustainability team(s)
  • directors
  • advisors/consultants


PREPARATION

To ensure participants are able to contribute to the sessions, 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

DAY ONE

Tuesday 1st November
Five key sessions
Arrival Time: 9.15am
Time: 9.30am - 5.30pm
Drinks: until 7pm 

Session 1. Introductions, climate change, and CRD fundamentals.

Content overview:

The session will provide participants with an overview of the course, allow them to make introductions, and to set personal learning objectives.

The session will provide participants with an overview of climate change and the CRD Standards. 

Participants will gain an understanding of:

  • The fundamentals of climate-related risks and opportunities and unpack why this is important
  • why the TCFD was set up and appreciate the four elements of the CRD Standards
  • to understand the evolution of the XRB’s CRD Standards
  • to assess their organisation’s maturity at present
  • identify the initial steps their organisation needs to take to implement the requirements of the CRD regime 
  • make a start of their organisation-specific CRD Implementation Plans.

FACILITATOR:
Erica Miles, Director, West Nine Consulting

Session 2. Regulatory expectations for CRD.

Content overview:

This session will provide participants with an overview of the following:

  • the FMAs role in the regime
  • the FMAs regulatory approach
  • record keeping monitoring approach.

Participants will learn:

  • to understand the legislative requirements of the CRD regime
  • the FMAs initial regulatory approach to climate-related disclosures
  • what type of records the FMA would expect to be provided during monitoring reviews
  • what actions the FMA can take as the regulator and what they would consider serious misconduct. 

FACILITATOR:
Michael van Zijl and Sybille Renard, Senior Advisers, Climate Related Disclosures, FMA

Session 3. Governance basics.

Content overview:

The session will enable participants to understand the basics of the management governance element of the CRD Standards.

Participants will gain an understanding of:

  • expectations of Boards on climate governance (including the World Economic Forum’s 11 principles of effective governance)
  • expectations of Management on climate governance.

FACILITATORS:
Rikki Stancich, Director, Climate and Sustainability and Monika Wakeman, Director - Risk Advisory Climate & Sustainability, Deloitte

Session 4. Emissions measurement and assurance…leading to Session 5. Now what?  How to develop an Emissions Reduction Plan.

Content overview:

The first session will focus on understanding the journey corporates need to undertake to measure, reduce and then verify their emissions inventory. 

In the second session, participants will learn how to develop, and test a practical, yet effective, Emissions Reduction Plan.

Participants will gain an understanding of:

  • carbon footprinting – why this matters
  • how to get started
  • key standards used and categories of emissions, including Scopes 1, 2 and 3
  • the importance of measuring and reducing supply chain emissions
  • certification and assurance
  • how to develop an effective, yet practical Emissions Reduction Plan
  • key features of the Plan
  • how Emissions Reduction Plans fit into wider
    Transition Plans.

FACILITATOR:
Markus Benter-Lynch, Strategic Advisor, Sustainability & Climate Change, Tonkin & Taylor

 

DAY TWO

Wednesday 2nd November
Three key sessions
Arrival time: 8.45am
Time: 9.00am - 5.00pm

Session 6. The why and the how of identifying and assessing physical risks.

Content Overview

This session will provide provide an overview of what a good physical climate risk assessment entails. 

The session will cover key considerations for planning assessments, developing / agreeing scenarios, risk assessment phases and methodologies, and include a discussion around integrating assessment results into disclosures. 

Participants will gain knowledge by learning about:

  • key terminology relating to physical climate risk
  • the importance of agreeing and prioritising material risk areas
  • risk assessment approaches
  • key considerations for physicals risk (RCPs, SSPs, time horizons etc)
  • to appreciate how to undertake a high-level risk screening assessment leading to a more detailed assessment
  • linking scenario assessments to risk assessments
  • rating risks using appropriate approaches
  • identify key issues for integrating the assessment results into disclosures. 

FACILITATORS:

James Hughes, Technical Director, Climate and Resilience, and Alex Cartwright, Climate and Risk Consultant, Emergency Management Advisor, Tonkin & Taylor


Session 7. The climate change regulatory environment and key legal risks from climate-related disclosures.

Content Overview

This session will provide participants with:

  • an understanding of the broader climate change regulatory environment, including how climate change is regulated in New Zealand, and the key regulatory changes and trends that may affect transition risk assessments.
  • the chance to unpack how to front-foot legal risks arising from climate change mitigation, adaption, and climate risk disclosures, including misleading representations.

Participants will gain an understanding of:

  • Legislation:  Understand, at a high-level, climate change legislation, including an overview of the Climate Change Response Act, the Zero Carbon Amendment Act, the Emissions Trading Scheme, including the role of the Climate Change Commission
  • Key legislative developments:  Understand key developments in climate regulatory landscape in 2022, including the release of the Government’s Emissions Reduction Plan and the pending three-part Resource Management Act reform
  • Legal risks:  Unpack key legal risks of climate change – e.g. what should directors / GCs / CFOs be aware of, what questions should they be asking, especially with the new disclosure regime (i.e. what are the legal risks to consider when preparing disclosures?).

FACILITATORS:

Nicola Swan, Partner, and Alana Lampitt, Partner - Environmental and Resource Management, Chapman Tripp


Session 8. The why and the how of identifying and assessing transition risks using scenario analysis.

Content Overview

This session will introduce transition risk scenario analysis, enabling participants to build an understanding of where transition risk scenario analysis fits in the climate risk management journey, what’s required to undertake this type of scenario analysis, and its application as a value input to strategy decisions and risk management for business. 

Participants will gain an understanding of:

  • understand what transition risk scenario analysis is and its important role in the climate risk management journey 
  • how climate scenario analysis enables business to translate the impact of a warming planet into future business considerations, and the interrelationship between physical and transition risk scenario analysis
  • understand the key steps in a transition risk scenario analysis exercise, and the key inputs required
  • understand how to interpret and practically apply scenario analysis to business decisions, including considerations of accountability and applicability across an organisation’s operating model.

FACILITATOR:

Annabell Chartres, Partner, Sustainability & Climate Change Leader, PwC


DAY THREE

Thursday 3rd November
Four key sessions
Arrival time: 8.45am
Time: 9.00am - 5.00pm

Session 9. Unpacking the latest CRD developments from the XRB.

Content overview:

The session will provide participants with the latest in the XRB’s CRD Standard development.

Participants will gain an understanding of:

  • the status of the CRD Standards in Aotearoa New Zealand
  • appreciate key global developments in climate-disclosures
  • the extent of the guidance notes available from the XRB
  • XRB’s role going forward.

FACILITATOR:
Lisa Kelsey, Senior Project Manager - Climate Standards, External Reporting Board (XRB)

Session 10. Operating model and business planning

Content overview:

This session will provide guidance on taking all the elements of the CRD regime and applying them to strategic and operational decision making.

It will assist in moving CRD 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:

  • how to embed and operationalise climate risks, strategy, governance, metrics and reporting across their business
  • the importance of establishing a clear and defined feedback loop betweeen governance, risk management, strategy, reporting and metrics to ensure that an organisations’ response to climate change remains relevant and flexible to change
  • how climate change risks and opportunities should be considered across different aspects of a company’s organisational framework.

FACILITATOR:
Annabell ChartresPartner, Sustainability & Climate Change leader, PwC

Session 11. Achieving our commitments under the Paris Agreement: how to set achievable metrics and targets.

Content overview:

This session will focus on how setting and embedding climate-related metrics and targets can enable an organisation to benefit from both a risk management and a performance improvement perspective.

By having clear, time-bound, and integrated targets organisations will be able to better evaluate their risks and exposures, and ultimately achieve their commitments under the Paris Agreement. 

Participants will gain an understanding of:

  • how climate-related issues impact business strategy and financial planning
  • the importance of target setting as a tool to manage climate-related risks and opportunities
  • how to set effective targets, in-line with CRD expectations
  • Participants will be given the opportunity to further develop their CRD Implementation Plans

FACILITATOR:
Pip Best, Partner, Sustainability and Climate Change Leader, EY

Session 12. Accounting for climate.

The session will provide participants with an overview of the following:

  • integrating climate risk into financial reporting: what, when and how
  • double materiality, including what is I, how it relates to CRD, and how to quantify and report it
  • accounting for the financial impacts of climate related risk and opportunities – quantifying financial exposure to climate risk under multiple scenarios.

Participants will learn:

  • to understand minimum requirements relating to climate risk disclosure in financial reporting
  • understand the difference between single materiality and double materiality, and appreciate which one the CRD Standard requires
  • learn about the various approaches, variables and considerations for quantifying exposure to climate related financial risk, to support an understanding of the strategic value of quantifying and managing climate risk.

FACILITATORS:
Rikki StancichDirector, Climate and Sustainability, and Andrew Wood, Associate Director, Deloitte

 


Speakers

West Nine Consulting

Tonkin & Taylor

Alex Cartwright

Chapman Tripp

Tonkin & Taylor

Deloitte

Deloitte

Deloitte

External Reporting Board

Chapman Tripp

Tonkin and Taylor

Cost & Registration

12 key interactive sessions over three consecutive days
21 hours CPD in total

Tea, coffee, morning and afternoon tea, lunch provided
- plus networking drinks and nibbles on Day 1:

INFINZ member price
$1800 plus GST


Non-member price
$2200 plus GST



SPECIAL OFFERS

INFINZ MEMBERS ONLY:

10% discount off total if 2 or more registrants are from the same organisation
20% discount for members located outside of the Auckland Region

Please note - only one of the above discounts applies to any one registrant

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 Rose Bridge on events@infinz.com to register

or

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

MoST Content Management V3.0.8287