This navigator provides an overview of the evolving global landscape of corporate climate and nature disclosure and sets out key messages for board directors.
Ensuring robust and transparent corporate sustainability disclosure is integral to the role of board directors. The subset of climate and nature disclosure provides the organisation, its investors and wider stakeholders (including business partners and customers) with important information on the organisation’s climate- and nature-related risks, opportunities and impacts. This, in turn, supports informed decision-making.
This navigator provides an overview of the evolving global landscape of corporate climate and nature disclosure and sets out key messages for board directors.
Key messages for board directors
- The board plays an important role in ensuring all statutory reporting and disclosure obligations are met, including climate and nature disclosure, and that the organisation follows best practice frameworks and standards (voluntary or mandatory). An organisation may be subject to mandatory climate disclosure because of its location (local regulation including stock exchange rulings) or by being within the value chain of others obliged to disclose.
- Climate and nature-related risks are material financial risks to organisations that affect value creation. The board should ensure that the organisation is managing these risks, taking advantage of opportunities, and making good progress against its climate and nature goals. These considerations should inform the business strategy.
- Being well-informed of existing climate and nature disclosure frameworks and standards, including upcoming and future trends, will help the board and the organisation to meet and respond to requirements and expectations from multiple stakeholders including investors, lenders, insurance providers, financial institutions, policymakers and regulatory authorities, employees, customers, local communities and indigenous communities.
Click here to access the interactive navigator tool from the Climate Governance Initiative
