Climate Risk Masterclass 4: Reporting Climate Risks

This is the fourth and final masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led look at how to report climate risks. It covers the main reporting frameworks, TCFD and IFRS S2, and the four pillars they share: governance, strategy, risk management, and metrics and targets. Using real-world examples, including Dr. Martens' climate risk disclosures, this session shows how physical and transition risk assessment feeds into each part of a report, what separates strong disclosures from weak ones, and how to manage the organisational challenges that often make reporting harder than the analysis itself.

This is the fourth and final masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led look at how to report climate risks.

It focuses on applied learning, showing how the physical and transition risk assessment work covered in Masterclasses 2 and 3 translates into clear, credible reporting under frameworks such as TCFD and IFRS S2.

You will learn how to:
◆ Understand why climate risk reporting matters, and why it is strategic rather than purely a compliance exercise
◆ Recognise the main climate risk reporting frameworks and what they require
◆ Apply the four pillars of climate risk reporting: governance, strategy, risk management, and metrics and targets
◆ Distinguish good climate risk reporting from weak reporting
◆ Understand the organisational challenges involved in producing credible disclosures

Learning Outcomes

By completing this masterclass, you will build practical capability in translating climate risk assessment into credible, decision-useful reporting.

Why Reporting Matters and What It Requires
◆ Understand why climate risk reporting matters, driven by regulatory requirements, investor and lender expectations, and internal decision-making
◆ Recognise why climate risk reporting is challenging, including the need to connect climate, business, and financial impact across multiple stakeholders
◆ Understand the main reporting frameworks, TCFD and IFRS S2, and what they expect in terms of business linkage, credible scenario analysis, and transparent assumptions

Applying the Four Pillars of Reporting
◆ Understand the four pillars of climate risk reporting: governance, strategy, risk management, and metrics and targets
◆ Recognise how physical and transition risk assessment, scenario analysis, and business impact feed into the strategy pillar
◆ Understand how methodology, mitigation measures, and key risk indicators feed into risk management and metrics and targets
◆ Apply this understanding using a real-world example from Dr. Martens' climate risk disclosures

Producing Credible, Decision-Useful Reports
◆ Distinguish good climate risk reporting from weak reporting, including clear versus generic risks and transparent versus undocumented assumptions
◆ Recognise the real organisational challenges in the reporting process, including data pushback and lack of alignment across departments
◆ Understand the key responsibilities involved in coordinating a climate risk reporting project, from managing assumptions to ensuring consistency across the report

Format

Climate Risk Masterclass 4: Reporting Climate Risks is a single recorded session, approximately 1 hour in duration, and can be completed at your own pace. It is the fourth of four sessions in the Climate Risk Masterclass Series.

Topics covered include:

Why climate risk reporting matters and why it is strategic
The main reporting frameworks: TCFD and IFRS S2
The four pillars of climate risk reporting
A real-world example from Dr. Martens
Good versus bad reporting practice
Organisational challenges and the responsibilities of the reporting project owner

Who This Is For

Climate Risk Masterclass 4: Reporting Climate Risks is designed for professionals involved in climate risk, sustainability reporting, governance, and decision-making, including those in leadership and management roles:
◆ Sustainability and ESG professionals
◆ Sustainability consultants and advisors
◆ Finance and accounting professionals
◆ Risk and compliance professionals
◆ Internal and external auditors
◆ Assurance professionals