07 May 2021

A changing landscape: Climate change risk disclosures and governance of the ASX50 in 2020

This publication was written by Emma Newnham, Joseph Muraca and Will Heath. 

While many things slowed down due to the pandemic in 2020, focus on climate change and climate change risk disclosures and ESG definitely heated up. KWM’s climate change report looks at the trends and data for climate change risk disclosures and governance of ASX50 companies in 2020. We are excited to share our comprehensive analysis of this rapidly-intensifying area of corporate and public attention.

KWM’s key observations are captured in this report, including:

  • the ASX50 mostly voluntarily reported on climate change risk in line with global frameworks and standards
  • most of the ASX50 have made measurable climate change targets and commitments, and disclose progress against those targets and commitments
  • many of the ASX50 are linking executive remuneration and climate change, reviewing industry associations for alignment on climate change and obtaining assurance on their climate change disclosures from assurance practitioners.  

The report also includes commentary on developments so far in 2021, as well as some predictions for what may lie ahead.


Key contacts

In our recently released Directions 2021 report, over half of our respondents thought is was very important that the Federal Government implement a national emissions reductions policy. Read the full results here.

next-report-cover
Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    On the 2 August 2021 Treasury released a consultation paper titled ‘Helping Companies Restructure by Improving Schemes of Arrangement.

    29 September 2021

    On 2 September 2021, the Federal Parliament passed legislation to require listed entities to provide a notice to their market operator containing certain details about payments they received under...

    03 September 2021

    Each of these publications confirm a widely predicted change in ASIC’s strategic direction away from the hard-line enforcement approach which emerged following the Financial Services Royal Commission.

    03 September 2021

    The ACCC has just unveiled its long-awaited merger reform proposals.

    27 August 2021

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.