Commonwealth Climate Disclosure Pilot

Commonwealth Climate Disclosure Pilot Guidance

Commonwealth Climate Disclosure Pilot Guidance

Commonwealth Climate Disclosure Pilot Guidance - User Guide

The Commonwealth Climate Disclosure Pilot is to demonstrate leadership on climate disclosure and assist departments in preparing to meet the more fulsome disclosure requirements as these are brought into effect from FY2024-25. The Pilot constitutes the first step along the pathway for departments to achieve transparent reporting of climate risk management activities across their organisations.

Under the Pilot, all Departments of State are to commence reporting on a limited range of climate risks management activities in their FY2023-24 annual reports.

The Pilot has been designed to cater for baseline levels of climate maturity and to serve as a realistic stretch for departments in taking their first steps towards making full climate disclosures. It is acknowledged that climate disclosures will evolve over time as maturity and capability develops across Commonwealth entities and Commonwealth companies.

The Department of Finance and the Department of Climate Change, Energy, the Environment and Water are providing a range of tailored assistance to help departments undertake climate risk and opportunity assessments and prepare high quality limited disclosures to meet their reporting obligations under the Pilot.

Entities that are not Departments of State can voluntarily opt-in to the Pilot. This will assist entities to build capability and transition to the full Commonwealth Climate Disclosure requirements. For more information on participating in the Pilot, please contact climateaction@finance.gov.au.

Alternatively, you can refer to the Commonwealth Climate Disclosure Policy to confirm what year your entity is to commence the Commonwealth Climate Disclosure reform.

Commonwealth Climate Disclosure Pilot Guidance

All Departments of State are to commence reporting on their climate risk management activities in FY2023-24 annual reports against a limited range of criteria.

These criteria cover three of the four pillars of climate disclosure, namely governance, risk management and metrics and targets.

four pillars of climate disclosure, namely governance, risk management and metrics and targets

The full criteria for reporting in the Pilot is available in the Commonwealth Climate Disclosure Pilot Guidance, or the User Guide provides a summary.

The Commonwealth Climate Disclosure Pilot Guidance has been designed to work with multiple other programs that support climate action in government operations to reduce duplication and compliance burden for departments, including the:

Tools and resources

The following resources have been developed to support entities with their Pilot disclosure:

  • Pilot Metrics and Targets Factsheet
  • Example Climate Disclosure under the Commonwealth Climate Disclosure Pilot (coming in April 2024)
  • CROMP, to support the Risk Management pillar
  • Climate Action in Government Operations GovTEAMS community.

Additional support resources are in development. Primary contacts within the Pilot will be emailed with details when finalised.

Contact us

Please email climateaction@finance.gov.au to:

  • access support for Pilot implementation
  • opt-in to the Pilot (for entities that are not Departments of State)
  • provide feedback on the Pilot and associated guidance
  • request access to the Climate Action in Government Operations GovTEAMS community.

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