ERM Energetics Exchange

This article is based on the second podcast in our series examining the preparations Australian business need to make for disclosures under the new mandatory climate-related financial reporting scheme. The focus of the podcast is transition plans - the work businesses need to do to turn their climate and net zero strategy into a detailed plan that demonstrates how the business will respond to a changing climate and decarbonising economy.

The conversation was led by Andy Tipping, partner, General Manager and Decarb Tech Lead at ERM Energetics, Australia. To bring both a global and regional perspective, he was joined by Max Crawford and Charlie Knaggs. Max is ERM’s Global Co-Head Climate Risk and Adaptation, based in the UK, and his focus is the nexus between climate change and the transition to net zero. Charlie is APAC Regional Partner for Decarbonisation. Based in Singapore, Charlie works across the Asia Pacific to help companies on their decarbonisation pathways. 

As we learn through the discussion, the disclosure is just the tip of the iceberg. 90% of the effort is in the planning, its execution and continuous improvement. 

In this episode, we'll speak to the crucial topic of materiality and the challenge of determining the climate impacts that are, and are not, financially material to ASRS disclosures. 

The third in our series discussing the guidance produced by the Taskforce on Climate-related Financial Disclosures, we examine the pillar of risk management and the issues we see for businesses working to understand, manage and disclose their climate risks. The size and scale of the challenge can be daunting but, as raised and discussed, “Organisations can’t stand still while the world changes around them. Leaders need to understand that you can take decisions today that will help steer you on a pathway and enable short-term risks to be managed.”

If you have time please follow the link to John Evans 'Climate Risk Barriers' survey. It should take no longer than 5 minutes to complete.

Featuring: Sally Cook, Head of Strategy, Energetics and John Evans, director of JE Advisory and former Head of Enterprise Risk Advisory, Commonwealth Bank Australia

Our host: Joel Hextall, Regional Manager – Western Australia, Energetics

Note: The information and commentary in this podcast is of a general nature only and does not take into account the objectives, financial situation or needs of any particular individual or business. Listeners should not rely upon the content in this podcast without first seeking advice from a professional.

There's no doubt that electricity markets across Australia are in the midst of a profound transformation with aging coal and gas fire generation leaving the market, and being replaced by large scale solar and wind capacity. The pace and scale of this change has and will continue to be rapid with various ambitious state targets further accelerating the transition. In our latest podcast, Energetics’ energy market experts Mark Asbjerg, Anita Stadler and Gilles Walgenwitz discuss the implications of this surging renewable energy capacity. Are we going to have too much? How can generators continue to make a return on their investment in such a market? And what is the value of storage moving forwards?

Featuring: Anita Stadler, Head of Renewable Energy Investments and Gilles Walgenwitz, General Manager - Energy and Carbon Markets

Our host: Mark Asbjerg, Principal Consultant

Note: The information and commentary in this podcast is of a general nature only and does not take into account the objectives, financial situation or needs of any particular individual or business. Listeners should not rely upon the content in this podcast without first seeking advice from a professional.

The IPCC’s AR6 is a comprehensive analysis of the physical science associated with climate change. In the second in Energetics’ series on AR6, we explore what the findings mean in physical terms for Australia and the potential impacts for our businesses and communities. Energetics’ climate strategists Robyn Ashton and Anna Kuiper are joined by Dr Sarah Perkins-Kirkpatrick who is an expert in heat waves and their effects. 

Featuring: Dr Sarah Perkins-Kirkpatrick, UNSW Canberra and chief investigator with the ARC Centre of Excellence for Climate Extremes and Anna Kuiper, Consultant

Our host: Aidan Ashton, Head of Decarbonisation

Note: The information and commentary in this podcast is of a general nature only and does not take into account the objectives, financial situation or needs of any particular individual or business. Listeners should not rely upon the content in this podcast without first seeking advice from a professional.

On Monday 9 August, the United Nations Intergovernmental Panel on Climate Change released its sixth assessment report, with a press release describing climate change as “widespread, rapid, and intensifying”. Professor Andy Pitman, a lead author on the IPCC’s third and fourth assessment reports, discusses the challenges facing Australia and the issues for business. He is joined by Energetics’ Sally Cook who works with boards and executives to understand and manage their climate risks.

Featuring: Professor Andy Pitman, Director, ARC Centre of Excellence for Climate Extremes, UNSW and Sally Cook, Head of Strategy

Our host: Dr Peter Hot, General Manager - Strategy

Note: The information and commentary in this podcast is of a general nature only and does not take into account the objectives, financial situation or needs of any particular individual or business. Listeners should not rely upon the content in this podcast without first seeking advice from a professional.