You are the accountant for a Top 300-500 ASX listed company and the Board of Directors have asked you to present a Report on Climate Change. The particular issues that the Board require you to specifically consider and answer are:

1 What is climate change?

2 Should the company be concerned about climate change?

3 What if any skills does the accountant have to advise the directors about the company's response to climate change?

4 What if any requirements currently apply to the company having a public statement on climate change?

5 What requirements are expected to apply in the future to climate change for the company?