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The board should maintain regular exchanges and dialogues with peers, policy-makers, investors and other stakeholders to encourage the sharing of methodologies and to stay informed about the latest climate-relevant risks, regulatory requirements etc.
Guiding questions
- How does the board ensure that the company develops and encourages climate dialogue and methodology sharing among industry peers, investors, regulators, and other stakeholders?
- How does your board maintain its awareness about good climate-governance practices?
Climate Governance Study 2024: Moving from vision to action
Climate governance is moving fast. The latest climate sentiment report provides a snapshot of current market practice in Australia, together with better practice insights and recommendations for directors in all sectors.
Resources
[Source: to see more background on this principle and further guiding question, see the World Economic Forum Guide: How to Set up Effective Climate Governance on Corporate Boards: Guiding principles and questions, p18]
Acknowledgement
We acknowledge the Traditional Custodians of the Lands on which we are located and pay our respects to Elders, past and present. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.
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