Climate risk - key resources for boards

Boards have a critical role in confronting and responding to climate-related issues to ensure the long-term sustainability of their organisations and to reduce their impact on the environment.

We've compiled a list of key climate resources relevant to board members in New Zealand:

Resources specific to directors

• Managing climate risk in New Zealand in 2020 - a tool kit for directors (Aotearoa Circle and Chapman Tripp, 2020)
• Questions to assist non-executive directors oversight of climate physical risk management (Acclimatise, Chapter Zero and MinterEllison, 2020)
• Legal opinion on climate change risk and directors’ duties (Aotearoa Circle, 2019)
• How to set up effective climate governance on corporate boards: guiding principles and questions (World Economic Forum, 2019)]

Resources on the TCFD and climate-related disclosures

• Climate-related financial disclosures (IoD, May 2021)
• External Reporting Board’s website on climate-related disclosures
• Climate-related financial disclosures: Driving capital markets and corporate governors to address the climate emergency (MinterEllisonRuddWatts, Feb 2021)
• Full disclosure: Improving corporate reporting on climate risk (Investor Group on Climate Change, 2020)
• Task force on climate-related financial disclosures (TCFD, 2017)
• TCFD Implementation Guide and the TCFD Good Practice Handbook (2019)

General resources on climate risk

• Ināia tonu nei: a low emissions future for Aotearoa (The Climate Change Commission’s advice to the government on its first three emissions budgets and direction for its emissions reduction plan 2022 – 2025, June 2021)
• The forgotten climate-related financial risk: Liability impacts on adaptation and adaptation finance report (UNEP FI, April 2021)
• SME Climate change toolkit (business.govt.nz)

See more resources and articles on climate change on our website.