Navigating the Future of Climate Disclosures: AASB S2, Governance, and Legal Compliance
Breakfast Forum
As climate and sustainability reporting evolves, organizations face increasing pressures to meet stringent legal, governance, and assurance standards.
This breakfast seminar offers a deep dive into the practical and regulatory aspects of AASB S2 and climate-related disclosures, providing attendees with critical insights to navigate the complex landscape of climate change reporting.
Through expert presentations and panel discussions, participants will explore the roles of directors, environmental officers, and ESG managers in aligning governance frameworks with legal accountability.
Key topics include mitigating risks of regulatory breaches and investor litigation, understanding phased assurance requirements, and leveraging governance tools to enhance the credibility of sustainability reporting.
This seminar is an essential opportunity for industry leaders to gain actionable strategies, connect with peers, and position their organizations for success in the era of transparent and robust climate disclosures.
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Who should attend?
This breakfast Forum is designed for professionals and decision-makers responsible for governance, compliance, and sustainability in mining and environmental sectors, particularly those navigating the complexities of climate change reporting and disclosure requirements.
Environmental officers and ESG managers will benefit from understanding their critical role in preparing accurate and reliable climate disclosures.
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Agenda
7.00am – 7.25am
Arrival
7.30am – 8.00am
Sit Down Breakfast
8.00am – 8.10am
Welcome and introductions :
8.15am – 9.00am
AASB S2 Explained
The commonly introduced four pillars of AASB S2 and climate disclosure in general; Governance, Strategy, Risk Management, and Metrics and Targets provide report readers with a clear and logical order to process and understand an entity’s climate risk. However, listing and describing these sections does not give new (and perhaps existing) report preparers a good basis for understanding AASB S2 and integrating an understanding of climate-related risks into their company.
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The key to understanding AASB S2 is to centre climate-related risks opportunities (CRROs) and relate them to their potential impacts on the financial performance of a company.
These climate disclosures are made alongside a company’s financial statements and exist to complement them.
All other disclosures can then either be understood as a required input to assess a company’s CRROs or as a downstream consequence of a company’s CRROs. Classifying a disclosure into one of these categories helps an AASB S2 report preparer understand why each disclosure is necessary and the signals it sends to financial markets.
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This presentation will use this risk-based conceptual model to explain each of the key components of AASB S2 disclosures with practical examples and important lessons learnt from our experience in an Australian mining context.
Key themes will include understanding why AASB S2 has been introduced and identifying the critical considerations and steps in your company’s implementation process.
9.00am - 9.45am
Legal Frameworks and Liabilities in Climate Change Disclosures: Navigating Risks and Responsibilities
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As climate change disclosures become an integral part of corporate governance, organizations face increasing legal pressures to meet transparency and accountability standards.
This session will explore the legal frameworks that govern climate-related disclosures, including the regulatory requirements under Australian and international law, and the potential liabilities for non-compliance.
Key discussions will focus on the legal risks associated with inaccurate or misleading climate disclosures, the role of directors in ensuring compliance, and the legal implications of failing to integrate climate risks into business strategies.
Attendees will gain valuable insights into best practices for mitigating legal risks, ensuring compliance with evolving regulations, and understanding the legal responsibilities of key corporate officers, including directors and environmental officers. This session will also address emerging trends in climate litigation and provide practical guidance on how to navigate the complex landscape of climate change reporting.
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9.45am - 10.30am
Panel Session
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10.30am - 11am
Close and networking
Who should attend?
Environmental Officers and ESG Managers, Risk and Audit Professionals, Regulators and Policymakers: Mining, interested stakeholders​
​Certificates of Attendance will be available on request to acknowledge professional development.​​​​