Pacific Blue partnered with South Pole to prepare for its Australian Accounting Standards Board (AASB) S2 disclosure. We successfully stress-tested their resilience by identifying material risks and opportunities, leading stakeholder workshops, and conducting tailored scenario analysis.
To meet mandatory AASB S2 legislative requirements, Pacific Blue needed to identify and disclose material climate risks and opportunities across its distributed Australian assets and complex value chain, strengthening long-term business resilience.
climate risks and opportunities thoroughly identified and assessed
extreme scenarios (incl. 1.5°C) modelled using bespoke regional and business narratives
strategic roadmap developed for long-term resilience
Pacific Blue partnered with South Pole to assess climate risks, evaluate material impacts from transition drivers, and stress-test the business through scenario analysis. All to ensure their business could confidently meet AASB S2 regulatory demands while building a long-term resilience roadmap.
We modelled two extreme climate scenarios (including a 1.5°C pathway) tailored to Pacific Blue's unique business profile and jurisdiction. This included embedding Australian energy sector dynamics, such as grid transmission constraints, policy shifts, and localised extreme weather impacts on renewable assets. Through interactive workshops, we co-developed scenario narratives and prioritised their most financially relevant risks and opportunities, translating complex climate science into accessible insights that directly powered their first AASB S2 report.
This collaborative risk assessment, paired with a prioritised adaptation and mitigation roadmap, enabled Pacific Blue to conduct a deeper analysis of its residual risk profile. As a result, the company could seamlessly integrate these critical climate insights directly into their Enterprise Risk Management (ERM) framework. By successfully disclosing in alignment with AASB S2 requirements, the organisation not only safeguarded its distributed green assets, but also leveraged this reporting milestone to tell its story to the world, highlighting the promising commercial opportunities driving the renewable energy transition.
South Pole is an extremely professional organization with very high quality of standards of output of work
have interacted very well with the client (Pacific Blue) and the team had an eye to the details, were meticulous in explaining technical aspects in non-technical language to the client and accepted suggestions/feedback from PB very well.
Aparna Sethi ESG Lead, Pacific Blue
Connect with South Pole to identify your most material climate risks and opportunities. Together, we can build a strategic roadmap that meets rigorous reporting standards and turns climate risk into a competitive advantage.
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