Powering the climate response of Australian businesses
The impacts of climate change are already being felt, and future risks are considered material, foreseeable and actionable by Australian financial regulators. In the private sector, organisations globally are under increasing pressure to understand their climate risk across supply chains and to accelerate their climate transition.
There is a growing demand for assistance to help prepare businesses for the opportunities and challenges that climate change presents. Given this demand for credible, science-backed climate risk insights, there is an opportunity to catalyse a new industry in climate intelligence, capable of servicing national and regional markets.
Alongside adaptation to current and future climate change risks, businesses are being driven to disclose their climate-related financial risks. These risks are related to both physical impacts and the need to transition to a net zero economy. This is already a mandatory requirement for some countries, and Australian industry is already responding to global market demand for such reporting.
This initiative will unlock climate intelligence for the private sector in Australia. It will provide enhanced knowledge and decision support tools to assist businesses in understanding how climate change will affect them, their customers, their supply chains and the economy more generally.
Through our efforts and collaborations with industry partners, and through the innovation system more generally, we will help industry transition to a more resilient and sustainable future.
Looking to partner with us or learn more? Please contact the team, email [email protected].