Climate disclosure is not about the report

September 2026
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I had the opportunity to discuss Australia's new climate disclosure regime on AusBiz last week.

One question stood out:

"Is climate disclosure becoming a compliance exercise, or does it actually create strategic value?"

My view is that the value isn't in producing the report itself. The value is in the conversations that happen because of it.

For boards and executives, climate disclosure creates a structured way to ask questions that should already be familiar:

  • What could happen?
  • How material is the risk?
  • What are we going to do about it?
  • How will we monitor progress?

The strongest organisations are not treating disclosure as a box-ticking exercise. They're using it to strengthen governance, improve risk management, test scenarios and build resilience.

One of the most common misconceptions is that organisations need perfect data before they start. In practice, capability is built through iteration. The important thing is to begin developing governance, risk management and decision-making processes that can mature over time. 

Even if climate disclosure requirements disappeared tomorrow, investors, insurers, lenders, regulators and customers would still want to understand how organisations are managing climate-related risks and opportunities. 

That's why I see climate disclosure less as a reporting requirement and more as a catalyst for better strategic conversations.

Thanks to AusBiz for having me on to discuss the evolving climate reporting landscape.

‍

Climate disclosure is not about the report

Published
September 2026
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I had the opportunity to discuss Australia's new climate disclosure regime on AusBiz last week.

One question stood out:

"Is climate disclosure becoming a compliance exercise, or does it actually create strategic value?"

My view is that the value isn't in producing the report itself. The value is in the conversations that happen because of it.

For boards and executives, climate disclosure creates a structured way to ask questions that should already be familiar:

  • What could happen?
  • How material is the risk?
  • What are we going to do about it?
  • How will we monitor progress?

The strongest organisations are not treating disclosure as a box-ticking exercise. They're using it to strengthen governance, improve risk management, test scenarios and build resilience.

One of the most common misconceptions is that organisations need perfect data before they start. In practice, capability is built through iteration. The important thing is to begin developing governance, risk management and decision-making processes that can mature over time. 

Even if climate disclosure requirements disappeared tomorrow, investors, insurers, lenders, regulators and customers would still want to understand how organisations are managing climate-related risks and opportunities. 

That's why I see climate disclosure less as a reporting requirement and more as a catalyst for better strategic conversations.

Thanks to AusBiz for having me on to discuss the evolving climate reporting landscape.

‍

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