Quantifying Transition Risks Under ASRS
Year one of mandatory climate reporting so far has produced a consistent pattern: entities are describing climate risk in detail and pricing almost none of it. Of the 1,832 risks identified across the cohort, 29 carry a dollar figure. Where a risk is flagged material and then left unquantified, the report tells investors that the risk matters, but not what it is worth.
Year two brings expanded assurance, and ‘undue cost or effort’ becomes harder to sustain once a reasonable assurance opinion is in scope. ASIC’s surveillance program is already live, and for financial years beginning after 31 December 2027 the protection limiting action on Scope 3, scenario analysis and transition plans falls away.
This report brings both halves of that problem together. Purpose Bureau contributes data-led insight drawn from every lodged report so far (290+), coded against a 400-field taxonomy and traceable to the verbatim disclosure behind each figure. Ashurst Perkins Coie sets out the legal exposure that follows from thin quantification, and practical steps to manage it.
Access the Quantifying Transition Risks Under ASRS Report below.
Download the Quantifying Transition Risks Under ASRS Report
Enter your details below to access the Quantifying Transition Risks Under ASRS Report, get updates on upcoming reports, and invitations to the ASRS Series events. We recommend downloading the PDF report once you have filled out the form.
Webinar: Quantifying transition risk for ASRS first and second year reporters
Held on Monday 7th September
Purpose Bureau and Ashurst Perkins Coie unpacked what year one actually quantified; what changes as assurance tightens in year two; and best practice for quantifying policy and legal risk, reputational risk, and targets and greenwashing.
We gave a brief overview of the report key insights followed by an engaging panel discussion with practical tips and tricks and a live Q&A. If you’re a first year reporter preparing or going into your second year report, you’ll want to re-watch the webinar.
Speakers
- Max Van Biene, Executive Director of Client Solutions & Partnerships, Purpose Bureau
- Miriam Kleiner, Partner, Ashurst Perkins Coie
- Elena Lambros, Partner, Risk Advisory, Ashurst Perkins Coie
- Ed Bosworth, Director, Climate Risk Advisory, NAB