As part of the Climate Governance Initiative Australia, the Australian Institute of Company Directors (AICD) and Minter Ellison have adapted a Commonwealth Climate and Law Initiative (CCLI) report, 'Biodiversity Risk: Legal Implications for Companies and their Directors', for an Australian audience.
Australian directors need to understand the implications of biodiversity loss for their business. Risks and opportunities are particularly acute in Australia, being one of 17 megadiverse countries on earth disproportionately affected by biodiversity and nature loss, and with one of the highest rates of species decline among countries in the OECD.
Changes to natural habitats and biodiversity loss are linked to the drivers and impacts of climate change and should not be addressed in isolation.
The forthcoming frameworks of the Taskforce on Nature-related Financial Disclosures (TNFD) and the International Sustainability Standards Board (ISSB) may lead to companies being obliged to make biodiversity risk disclosures in financial reports over time in Australia.
About the Publishers
The Climate Governance Initiative (CGI) is an active, global network of bodies that promote the World Economic Forum 'Climate Governance Principles' for boards and effective climate governance within their jurisdictions. The CGI network seeks to mobilise, educate and equip directors with the skills and knowledge necessary to address climate change at the board level.
The Australian Institute of Company Directors (AICD) is an independent membership-based organisation. They run programs and courses on the theory of corporate governance and how to apply it in practice across different sectors and industries. They provide updates and new perspectives on governance and related topics, advocate for excellence, and analyse relevant policy on behalf of members and the wider governance community.
MinterEllison is one of Australia's largest law firms. Their clients include government departments and agencies, private and publicly listed companies, and small and large businesses in Australia and overseas.
Join the network
Become part of a network that is making nature a priority for business.