·
Key takeaways from iX Summit for ESG Reporting & Disclosure, sponsored by givvable
🔸🌱 Australia's mandatory climate disclosure requirements present an opportunity for business transformation and competitive advantage
- Australia’s leadership in climate reporting requirements will put Australian companies at a competitive advantage. Use or alignment with the ISSB standards is becoming the global norm.
- When integrated with the company’s broader strategy, climate risk and opportunity assessment can move from a compliance initiative to a transformation driver.
- Existing governance structures and risk management systems and processes can be leveraged – don’t waste time reinventing the wheel.
🔸🤝 Collaboration is key
- The clear message of the Summit was that collaboration with stakeholders (both internal, cross-function & external) is key!
- With 90% of more of a company’s carbon footprint often sitting in its supply chain, suppliers, in particular, will be a key stakeholder when managing climate risk and opportunity.
- Companies taking a leading approach have shifted from a compliance to a collaborative focus with suppliers. This includes offering training, support and incentives.
🔸 🧩 1 + 1 = 3 when interconnected sustainability issues are considered together
- Leading companies are realizing the benefits of considering interconnected sustainability issues together rather than on a siloed basis (for example, climate and biodiversity/nature). Not only does it create efficiencies through a streamlined approach, but it also unlocks the ability to solve for multiple concurrent problems.
givvable's flexible toolkit supports businesses to identify risks and opportunities across climate, nature, human rights and more, and to automate effective supplier engagement.