EST FEB 2024
The client engaged Orka Advisory to undertake an independent review of its climate risk register and climate scenario analysis to support preparedness for emerging climate-related financial disclosure requirements under AASB S2. As a resource-intensive mining organisation exposed to…
The client engaged Orka Advisory to undertake an independent review of its climate risk register and climate scenario analysis to support preparedness for emerging climate-related financial disclosure requirements under AASB S2. As a resource-intensive mining organisation exposed to both physical and transition climate risks, the client sought expert assurance that its climate risks, scenarios, and governance processes were robust, internally consistent, and aligned with evolving regulatory expectations.
Orka Advisory conducted a detailed review of the organisation’s climate risk framework, climate scenarios, governance arrangements, and risk management processes. The engagement focused on strengthening the quality, credibility, and decision-usefulness of climate-related risk information while enhancing Board and executive awareness of climate-related financial disclosure expectations.
The engagement was structured around the workstreams required to address the client's specific context, priorities and objectives.
Each workstream contributes to the broader objective of helping the organisation move forward with greater clarity, capability and confidence.
The value of the engagement is reflected in stronger capability, clearer priorities and practical progress for the organisation.
The review provided management and directors with independent assurance that climate risks and scenarios were appropriately framed, internally consistent, and decision-useful.
The client gained a clear understanding of its current level of alignment with climate disclosure requirements and the practical steps required to strengthen future reporting capability.
Recommendations strengthened the linkage between climate risks, climate scenarios, operational impacts, and long-term business strategy.
Directors and senior leaders developed a stronger understanding of climate-related financial risks, disclosure expectations, and their governance responsibilities.
By strengthening climate risk governance, scenario analysis, and disclosure readiness, the client was better positioned to respond to investor expectations, regulatory scrutiny, and future assurance requirements.
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