1. Outline the rationale and requirements of the sustainability and climate-related reporting standards in Australia, including but not limited to the ISSB and ASRS
2. Identify the specific actions and governance structures required to meet these new standards
3. Identify the issues, connectivities and dependencies present within business models and value chains and how they interconnect or align to an organisations climate and overarching strategy 
   

Milestone

Write a rationale and needs statement for your organisation to respond to the sustainability and climate-related standards in Australia. This will outline the following:

• Key drivers of the changing reporting landscape and its impact on your organisation, and the connection to financial and other objectives of your business, and
• Potential areas of value creation and value erosion activities within the business model and value chain

1. Explain how material issues inter-relate with financial and other business objectives and influence business decision making
2. Describe the process to identify the material sustainability and climate risks and opportunities across your organisation’s business model and value chain
3. Analyse the potential impact of sustainability and climate risks and opportunities to your strategy
   

Milestone

Draft a schedule of activities and/or approach to:

• Identify the key material topics, risks and opportunities across your business model and value chain. This will also include articulating the impact of these risks and opportunities on your business operations strategy and financial position

1. Outline the considerations involved in conducting physical and transitional climate risk and opportunity assessments including uncertainties and assumptions
2. Describe how scenario analysis is used to evaluate the resilience of your organisation’s business strategy
   

Milestone

Draft a schedule of activities and/or approach to:

• Identify and assess the physical and transitional climate-related risks and opportunities to your organisation
• Evaluate the resilience of your business strategy.
  

1. Describe the importance of transition planning in responding to an organisations sustainability and climate related risks and opportunities
2. Describe how scenario analysis informs transition planning 
3. Outline the Greenhouse Gas (GHG) reporting standards and frameworks including methodologies for calculating scope 1, 2 and 3 emissions
4. Identifying how to set meaningful and defendable decarbonisations pathways and targets
5. Assessing the implications of decarbonisation, mitigation, adaptation and resilience activities on finance, strategy and risk management
   

Milestone

Draft a schedule of activities and/or approach to:

• Develop a transition plan, including decarbonisation, mitigation, adaptation and resilience activities, targets and strategies to meet them
  

1. Identify metrics and targets material to your organisation to determine your data needs
2. Outline the process for mapping the data requirements against organisational data strategy
3. Outline the international reporting standards and frameworks (TCFD, MSA, GRI etc) and their respected metrics and targets
4. Identify the data platforms, services and third-party providers available to support reliable data generation and reporting including future data needs
5. Outline other data considerations such as data hierarchy, data quality, completeness, assurance and privacy

Milestone

Draft a schedule of activities and/or approach to:

• Identify the sustainability and climate-related and metrics and targets material to your organisation
• Identify where there are gaps for the organisation in collecting and measuring data
• Identify what the organisation’s future data requirements are to align with the ISSB
• Identify what the appropriate data platforms, services and third-party providers are to ensure reliability, quality and completeness of data

Overview

1. Explain how the outputs from risk assessments and scenario analyses could impact the future financial performance of an organisation
2. Explain how financial reporting implications for assets and liabilities may arise from sustainability and climate related risks and opportunities
3. Explain the relevance of organisational sustainability and climate risk and opportunity assessments to financial statement preparation

Milestone

Draft a schedule of activities to:

• Identify how the outputs from the risk assessments and scenario analysis could impact the current and future financial performance of the organisation and what this means for the functions and individuals tasked with financial reporting

In this course, you will develop and present a high-level roadmap to enable you to support your organisation in adopting the mandatory sustainability and climate-related reporting requirements to create impact and value beyond compliance. This will consist of a 4 – 5-minute presentation that includes both a slide deck and a video.