Sustainability Reporting: Risks & Strategies in the Journey to Net Zero
Over two in-depth lunchtime sessions, a carefully curated panel of the leading experts in sustainability reporting will walk you through what you need to know to navigate the emerging risks. Analyse the new ISSB, new legislation and standards, the latest complexities in emissions exposures & other evolving reporting frameworks. Develop effective, cutting-edge strategies and processes for your sustainability reporting obligations in 2022. WEB226N24B
Description
Attend and earn 3 CPD units in Substantive Law
This program is applicable to practitioners from all States & Territories
Part 1
Thursday, 2 June 2022
12.30pm to 2.00pm How to Navigate the New Global Standard for Sustainability Reporting
- Overview of the IFRS Foundation announcement at COP26 of the formation of the International Sustainability Standards Board (ISSB)
- What’s in the prototypes for Climate-related Disclosures Requirements and General Requirements for Disclosure of Sustainability-related financial information, or what’s in the Exposure Draft (if released for comment before June)
- What does the consolidation of the Value Reporting Foundation (VRF) and the Climate Disclosure Standards Board (CDSB) into the IFRS Foundation (June 2022) mean for Integrated Reporting and SASB Standards?
- Understanding the quasi-mandatory nature of the standards, given ASX Corporate Governance Principles 4.3 and 7.4 ASIC and APRA focus
- Understanding the change of lens from a reporting perspective: moving from a focus on past financial (and voluntary sustainability) performance through a prescriptive framework towards a focus on past performance and future prospects to deliver enterprise value over the longer term using a principles-based framework
- What is forward-orientated information and what evidence will be required to support forward-orientated disclosures?
- What is going to inform materiality in disclosures?
- How do sustainability standards for financial measurement and reporting align with the financial reporting framework?
Presented by Nick Ridehalgh, National Leader, Better Business Reporting, CFO Advisory, KPMG
Panel discussion:
Alison Ewings, Head of Engagement, Regnan
Michael Bowan, General Counsel & Company Secretary, Essential Energy
Facilitated by Cristina Talacko, President, Coalition for Conservation
Part 2
Thursday, 9 June 2022
12.30pm to 2.00pm Emissions Exposure Complexities in Sustainability Reporting: Understanding & Navigating Scope 1, 2 and 3 Emissions
- What is meant by scope 1, 2 and 3 emissions and the differences between them
- Why all scopes need to be considered to identify potential areas of material risk (or opportunity) within your value chain
- Challenges and limitations of collecting and assuring scope 3 emissions data
- Impact measurement including avoided emissions
- Why emissions intensity alone is not always a good indicator of risk
- What should lawyers be looking for in procurement/supply contracts?
- Features of investor useful disclosure
- Greenwashing alert
- Case study: a corporation implementing a new sustainability strategy – managing new regulations and community and stakeholder expectations
Panel discussion:
Nick Ridehalgh, National Leader, Better Business Reporting, CFO Advisory, KPMG
Alison Ewings, Head of Engagement, Regnan
Michael Bowan, General Counsel & Company Secretary, Essential Energy
Facilitated by Anna Gudkov, Senior Solicitor, Corporate and Commercial EDO