The UN sponsored Taskforce on Climate Related Financial Disclosures (TCFD) recently presented its recommendations for the corporate disclosure of climate related financial risks in mainstream financial statements. This call to arms is being taken up by industries in Australia and around the world; the telecommunications industry will be no exception.
The availability of telecommunications services are critical to the functioning of society, and even more so during the preparations for and recovery from natural disasters. Importantly, Telecommunications companies need to be key enablers of a society resilient to climate change, and to do so they must be foremost resilient themselves. This is to protect their business (assets, staff and brand), to ensure the risks are financially transparent to shareholders, and to meet the expectations of society.
However, like all utilities, telcos must manage their asset base with a limited amount of money to deliver their required services. They need to prioritise investment on managing those assets that are most at risk of failure, or will cause the greatest customer disruption. There are also interdependencies on other utilities, such as power and water, that need to be understood and managed.
Hear what leading national and global infrastructure companies are doing to understand the impact that the increasing frequency and severity of weather hazards is having on their business, and how they are building it into decision making and investment.
Rohan is a Director of XDI: The Cross Dependency Initiative, which provides infrastructure risk assurance services based on climate change science, infrastructure engineering and advanced statistical methods.
Rohan began his career in Government as a fire fighter. After nearly 15 years, his last role in Government was as the Director of the Climate Adaptation Program for South Australia. He designed and led the implementation of the States multi-award winning climate change adaptation program. This program has seen a transformation in how communities and industries work together to adapt to climate change.
For two years he was the inaugural chair of the international Adaptation Working Group of The Climate Group States and Regions Alliance. Since 2014 he has run his own company and works with governments in Australia, the Americas, the Pacific and Europe on their climate change policies. He works in areas as diverse as indigenous communities in the tropics through to state and commonwealth governments globally.
He has several degrees, and over 20 year’s experience in risk management, business impacts and climate change.