OpenEngagement was mandated by the Australasian Centre for Corporate Responsibility to produce a research report determining the presence of Climate and Energy Transition skills on the Boards of major resources companies.

The report, which focuses on Glencore, includes a benchmarking analysis of board governance practices across several leading natural resources companies. High level findings are below:

• Board-level climate expertise remains limited across the sector, with few directors having verifiable experience in climate risk or energy transition.

• Sustainability committees often have unclear mandates and limited evidence of climate-specific oversight.

• Executive remuneration frameworks frequently reference ESG goals, but lack transparency and rigour in how climate-related performance is measured or rewarded.

• Skills matrices are inconsistently applied, with vague definitions and limited linkage to individual directors’ qualifications or responsibilities.

• Overreliance on management for climate strategy and reporting is common, raising questions about the ability of Non-Executives to challenge management.

• Read the full report here