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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?
FEATURED RESOURCE
Climate Governance Study: Risk and opportunity insights from Australian directors
Climate change is a key corporate governance challenge facing Australian boards. The Climate Governance Study: Risk and opportunity insights from Australian directors reveals that Australian boards see climate change as a key strategic and risk issue, but face capacity and resource constraints in responding to the challenge.
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]
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