On 15 September 2025, the Australian Government published the final report of the first National Climate Risk Assessment, comprising a comprehensive assessment of Australia’s future climate risks and the potential vulnerabilities that could be faced across Australian communities, businesses and the natural environment.

Most organisations strive for strong governance, risk and compliance management, but how often is this objective truly realised? For many, this remains a work in progress.

The Australian Securities and Investments Commission (ASIC) has recently released the findings of its review into the compliance plans of responsible entities (REs) managing registered managed investment schemes. The review covered 50 REs who together oversee around $2 trillion in assets (representing 14.5% of all REs in the sector) and uncovered widespread deficiencies in how compliance obligations are being documented and managed.