The TCFD released its final recommendations report in June, setting out guidelines around company reporting on climate-related risks and opportunities. The report was aimed at providing assurance to investors, banks and insurers around minimising climate-related risk.
“The nature of the taskforce recommendations are that [companies] should report what they are doing, rather than ‘here’s a list of things that you must do,” Dr Fisher said.
Dr Fisher encouraged companies to work together on reporting climate risk across their sectors, noting it was “almost impossible to do this purely on your own.”
He also said banks are generally behind insurers and asset managers when it came to fully grasping climate-related risk. Watch the video and listen to the podcast above to find out more.
Paul Orton is Head - Project & Export Finance, Institutional Banking at ANZ
Dr Fisher was on a speaking tour of Australia as a guest of Climate Alliance