ACSI and the Australian Institute of Company Directors (AICD) developed guidance to support boards and investors in navigating the complexities of climate transition planning. Governing for Net Zero: The Board's Role in Organisational Transition Planning reflects insights from directors and investors who have practical experience preparing and analysing company transition plans and provides an overview of directors’ legal obligations.
Snapshot
Governing for net zero: The board’s role in transition planning recognises that climate transition planning is an important strategic capability for Australian organisations. Leading boards are embedding climate into core decision-making to remain resilient and competitive in a decarbonising economy. While each organisation must develop their own responses to the challenges and circumstances they face, experienced Australian boards seek to address the following fundamental elements when overseeing the development and implementation of a transition plan:
