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What's included

Climatekit gives you the tools, guidance and expertise to meet AASB S2 requirements with confidence.

Module 1 - Governance and risk management

Module 4 - Strategic response

Module 2 - Current risks and opportunities

Module 5 - Carbon emissions

Module 3 - Future risks and opportunities 

Module 6 - Metrics and targets

Image by Richard Horvath

Module 1 - Governance and risk management 

Guidance provided to:

  • Document your company register 

  • Document your record keeping

  • Define climate governance roles and responsibilities 

  • Assess climate skills and competencies of your board and executive team

  • Develop climate-related skills and capabilities roadmap to manage climate responsibilities 

  • Referencing climate-related risk and opportunites oversight in policies 

  • Preparing climate-related board guides and policies to support decision-making

  • Define your entity, organisational boundary and value chain

  • Define your financial year and reporting period 

Action log includes:

  • Company register 

  • Roles and responsibilities register

  • Skills and competencies matrix 

  • Governance roadmap

  • Policy register 

  • Organisation and value chain

Image by Richard Horvath

Module 2 - Current risks and opportunities 

Guidance provided to:

  • Define roles and responsibilities 

  • Plan documentation and record keeping 

  • Consider time horizons 

  • Define how you assess risk

  • Explore the physical climate for your value chain

  • Understand climate-related risks and opportunities (CRROs)

  • Prepare for the workshop

  • Undertake baseline risk assessment workshop

  • Understand workshop outputs

Action log includes:

  • Project team and roles 

  • Time horizons 

  • Risk matrix

  • Value chain criticality

  • Prelim climate data

  • Detailed climate projection 

  • Baseline assessment 

Image by Richard Horvath

Module 3 - Future risks and opportunities 

Guidance provided to:

  • Understand the terminology 

  • Know what to consider in your climate scenario analysis 

  • Building and using climate drivers and CRROs

  • Preparing for your climate scenario workshop

  • Understand workshop outputs

Action log includes:

  • Warming scenarios 

  • Low warming assessment 

  • Int. warming assessment

Image by Richard Horvath

Module 4 - Strategic response 

Guidance provided to:

  • Understand why transition planning matters

  • Prepare for your transition planning workshop

  • Understand the procedure of the workshop

  • Prepare for your transition plan for disclosure 

Action log includes:

  • Transition planning table 

  • Strategy snapshot 

Image by Richard Horvath

Module 5 - Carbon Emissions 

Guidance provided to:

  • Define your organisational boundary 

  • Base year and reporting period 

  • Set your base year recalculation policy 

  • Apply a materiality threshold 

  • Understand and assess uncertainty 

  • Document your approach

  • Use the climatekit carbon calculator 

  • Understand what scope 3 emissions are

  • Understand scope 3 and the AASB S2

  • Plan for verification of GHG emissions data

Action log includes:

  • Greenhouse gas emissions inventory

  • Base year and reporting period 

  • Materiality threshold 

  • Data quality and uncertainty 

  • Reporting units

  • Internal carbon price

  • Carbon calculator 

Image by Richard Horvath

Module 6 - Metrics and targets 

Guidance provided to:

  • Understand climate-related metrics 

  • Understand performance metrics and targets for CRROs

  • Use verification register

Action log includes:

  • Carbon footprint record

  • Internal carbon pricing 

  • Target setting table

  • Benchmarks and roadmaps 

  • CRRO exposure index

  • Capital deployment 

  • Remuneration 

  • Other targets and metrics

  • Verification register

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