Episode 5 – Risk Management: Embedding Climate into Risk Process

Module Overview

This session covers the third ASRS pillar, risk management, and the same question I hear from almost every client: how does climate risk sit inside a risk process that already exists?

The word that matters here is integrated. Climate risk isn’t a new category. It’s a driver that amplifies risks you already manage. Operational, financial, compliance and strategic. Using the same approach we apply at Acumentis, and Limon Pty Ltd’s risk register as a working example, this episode walks through identifying, mapping, scoring, controlling and reporting on climate risk without building a parallel ESG system that nobody acts on.

What you’ll learn

By the end of this episode, you’ll be able to:

• Identify your organisation’s risk maturity starting point (mature framework, basic register, or no formal process yet)
• Identify physical and transition climate risks specific to your business
• Map climate risks into your existing risk categories instead of creating a standalone register
• Score climate risk using your standard methodology, so it sits on the same heat map as every other risk
• Assess controls honestly, including the gap between implicit and documented controls
• Assign named ownership, monitoring cadence and escalation triggers for every material climate risk
• Integrate climate risk into existing board reporting and committee charters

Key topics covered

• Working out where you’re starting from
• Identifying climate risk properly: physical and transition, filtered by commercial relevance
• Mapping climate risk into existing categories
• Scoring climate like every other risk: likelihood, consequence, control effectiveness
• Assessing controls honestly: documented versus implicit
• Assigning ownership and cadence based on severity
• Integrating into board reporting, not a separate ESG appendix
• Limon in practice: mapping, control gaps and cadences for a real business