Climate Resilient Enterprises

We're focussed on enterprise and industry

All businesses in Australia need to understand and, supported by the right information, develop their own response plan to climate change.

This was first described by the Council of Financial Regulators who recognised that Australian businesses were particularly exposed to climate change and this would present a risk to the Australian Economy. Our mission explores how science can assist this challenge.

Multi-sector facing climate science and services have been available for decades, with climate data and information available to all Australians through a variety of channels. Feedback from industry is that this information can be hard to use and interpret for business.

Australian businesses have also been accessing climate analytics that may not be fit for purpose for Australia. Also, it was also hard for businesses to understand how to connect physical climate risks to broader transitional risks that they and their supply chains would be exposed to as the economy decarbonises.

Through the Climate Intelligence Platform and Climate Innovation Hub we are providing the best available climate science in a format that business and industry have told us will enable them to make better decisions. Our work will contribute to improving resilience to climate risk, and assist in decarbonisation of the economy.

Opportunity

Powering the climate response of Australian businesses

The impacts of climate change are already being felt, and future risks are considered material, foreseeable and actionable by Australian financial regulators. In the private sector, organisations globally are under increasing pressure to understand their climate risk across supply chains and to accelerate their climate transition.

There is a growing demand for assistance to help prepare businesses for the opportunities and challenges that climate change presents. Given this demand for credible, science-backed climate risk insights, there is an opportunity to catalyse a new industry in climate intelligence, capable of servicing national and regional markets.

Alongside adaptation to current and future climate change risks, businesses are being driven to disclose their climate-related financial risks. These risks are related to both physical impacts and the need to transition to a net zero economy. This is already a mandatory requirement for some countries, and Australian industry is already responding to global market demand for such reporting.

This initiative will unlock climate intelligence for the private sector in Australia. It will provide enhanced knowledge and decision support tools to assist businesses in understanding how climate change will affect them, their customers, their supply chains and the economy more generally.

Through our efforts and collaborations with industry partners, and through the innovation system more generally, we will help industry transition to a more resilient and sustainable future.

Looking to partner with us or learn more?

Our impact

We are achieving impact in three ways;

• Industry has ready access to credible analytics and technical support on physical and transitional climate risk.
• Enterprises are better equipped to mitigate climate risk and uncertainty whilst identifying adaptation options and investment opportunities.
• Support the development of a sustainable, climate resilient economy.