IMB Bank: Gap Analysis and Roadmap for Reporting to ASRS

Key first steps to prepare IMB Bank for the upcoming mandatory climate-related financial disclosures and Australian Sustainability Reporting Standards (ASRS).

16th July 2024

The Situation

Established in 1880, IMB Bank has been helping people achieve their financial goals for over 140 years and is one of the most enduring financial institutions in Australia.

As part of its ongoing commitment to environmental sustainability, IMB Bank engaged Anthesis to support it with reviewing its current climate risk practices and disclosures, against the [draft] Australian Sustainability Reporting Standards (ASRS).

Our Solutions

The aim was to enable IMB Bank to understand what is required to fully align with the Australian government’s proposed mandatory climate-related financial disclosure regime and develop a roadmap for actions and priorities.

Firstly, Anthesis conducted a detailed gap analysis of IMB Bank’s climate-related works to date against the [draft] ASRS.

In the second stage of the project, Anthesis prepared a high-level roadmap to support IMB Bank towards practical next steps to progress towards full alignment.

Solutions

ASRS Guidance

Impacts of the Project

This decision-useful roadmap identifies priority actions for IMB Bank to focus on. It also highlights the types of resources and stakeholders for each action and ensures it can be integrated into the business’ day-to-day planning and implementation.

The final report outlines short- to long-term progress steps to fully align with the ASRS and will serve to guide IMB Bank’s climate-related priorities and actions over the coming years.

“Undertaking the gap analysis was a key first step to prepare for the new mandatory climate-related financial disclosure regime. Anthesis’ work provided us with a clear roadmap to ensure compliance in FY26 and (beyond…..).”

Ian Witheridge, Senior Manager, Finance & ESG IMB Bank

Explore our ASRS Guidance

Discover how Anthesis can support your sustainability ambitions.

ASRS Guidance

Get in touch

We’d love to hear from you

We are the world’s leading purpose driven, digitally enabled, science-based activator. And always welcome inquiries and partnerships to drive positive change together.

Loading…

Other Case Studies

case study

Preparing Great Southern Bank for ASRS and Climate-Related Financial Disclosures

The Situation Great Southern Bank, one of Australia’s largest customer-owned banks, serves over 380,000 Australians. As it grows, the bank has committed to reducing its environmental impact, acknowledging its role in creating a sustainable future. Since achieving Climate Active certification in 2021, the bank has worked with Anthesis to measure, reduce, and offset operational emissions….

viva energy: climate risk - river and viva energy plant

case study

Viva Energy Climate Risk & Opportunity Assessment and TNFD Scoping

The Situation Viva Energy Australia is a leading energy company supplying fuels, lubricants, solvents, and bitumen across various industries in Australia. Anthesis has been a trusted advisor to Viva Energy for many years, supporting the organisation with energy assessments and NGERs reporting assistance. In 2024, in response to new mandatory disclosure requirements, Viva Energy sought…

case study

IMB Bank – Gap Analysis and Roadmap for Reporting to ASRS

The Situation Established in 1880, IMB Bank has been helping people achieve their financial goals for over 140 years and is one of the most enduring financial institutions in Australia. As part of its ongoing commitment to environmental sustainability, IMB Bank engaged Anthesis to support it with reviewing its current climate risk practices and disclosures,…

1 3