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

    Very shortly, the U.S.-based Alternative Reference Rates Committee (ARRC) will make its much-anticipated formal recommendation of forward-looking term Secured Overnight Financing Rates (Term SOFR)...

    27 July 2021

    On 16 July 2021 Treasury released consultation draft legislation to introduce the Financial Accountability Regime (FAR). FAR is the Government’s proposed extension of the existing Banking Executive...

    20 July 2021

    Western Australia’s Court of Appeal has found the Electricity Networks Corporation liable in negligence in relation to damage caused by the Parkerville bushfire in January 2014.

    06 July 2021

    On 25 June 2021 the Federal Government released exposure draft legislation designed to support companies and their officers using technology to satisfy certain Corporations Act 2001 requirements.

    06 July 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.