Request for Quote: Climate Risk and Opportunity Assessment aligned with the Commonwealth Climate Risk and Opportunity Management Program (CROMP)

Overview AgriFutures Australia is seeking a suitably qualified and experienced provider to deliver an organisation-level climate risk and opportunity assessment aligned with the Australian Government's Approach to Climate Risk and Opportunity Management in the Public Sector 2024–2026 (CROMP). The assessment will support AgriFutures' Commonwealth Climate Disclosure (CCD) obligations and the integration of climate-related risks and opportunities into its existing risk management and governance arrangements. About AgriFutures Australia is a corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013 (PGPA Act), with the AgriFutures Board as the Accountable Authority. The Commonwealth Climate Disclosures (CCD) are the Australian Government's policy for Commonwealth entities to publicly report on their exposure to climate-related risks and opportunities and the actions they are taking to manage them. The CCD requirements are adapted from AASB S2 Climate-related Disclosures and tailored for the public sector, including the APS Net Zero by 2030 target and the Net Zero in Government Operations Strategy. AgriFutures Australia is a Stream 2, Tranche 3 entity and must report against the Simplified CCD Requirements from FY2026-27 (Year 1 Simplified Requirements), with the Full (Year 2) Simplified Requirements applying from FY2027-28 onwards. The Core Requirements cover Governance, Strategy, Risk Management, and Metrics and Targets. CROMP is the Department of Climate Change, Energy, the Environment and Water (DCCEEW) program that supports the public sector to identify, assess and manage climate risks and opportunities. CROMP resources to be used as part of the assessment include the Organisation Application Guide, Technical Guidance, the Climate Risk Digital Tool (the preferred means of completing an assessment) and the Climate Risk Management Template (Excel). The assessment should be undertaken in line with CROMP resources and scaled to AgriFutures' size and operating model. Objectives The objectives of the engagement are to: Identify, assess and prioritise the climate-related risks and opportunities (physical and transition) relevant to AgriFutures' organisation, operations, programs, people, stakeholders and the rural industries it serves Apply the CROMP methodology (Organisation Application Guide and Technical Guidance) so that the assessment is robust and defensible for Commonwealth Climate Disclosure purposes Produce outputs that directly support AgriFutures' FY2026-27 Year 1 Simplified CCD disclosures (Strategy and Risk Management) and position it for the Year 2 requirements from FY2027-28 Embed climate-related risks and opportunities into AgriFutures' existing Risk Management Framework, Risk Appetite Statement and governance arrangements, proportionate to its size Build internal capability so that AgriFutures can maintain and refresh the assessment annually Scope The services are to be delivered in five phases. Respondents may propose refinements to this approach where they improve the quality or efficiency of the assessment, provided the outcomes described below are achieved. Phase 1: Inception and scoping Hold an introductory meeting Confirm the assessment scope and boundaries, key stakeholders and the governance of the assessment Review relevant AgriFutures documents, including the Risk Management Framework, Risk Appetite Statement, AAIs, Instrument of Delegations, Strategic RD&E Plan, Annual Report and existing risk registers Confirm whether the Climate Risk Digital Tool or the Climate Risk Management Template will be used Prepare a detailed project plan Phase 2: Establish context Define short-, medium- and long-term time horizons and explain how they align with AgriFutures' planning cycles, for example the five-year Strategic RD&E Plan 2027–2032 Select climate scenarios, data sources and parameters, for example Bureau of Meteorology and CSIRO / Climate Change in Australia projections Document key assumptions and areas of uncertainty Phase 3: Identify and assess risks and opportunities Facilitate workshops with the Leadership Team and key staff, with targeted consultation as appropriate, to identify climate-related risks and opportunities specific to AgriFutures Classify each risk as physical (acute or chronic) or transition (policy, legal, technology, market or reputational) Assess each risk against the agreed time horizons and rate it using AgriFutures' risk matrix and Risk Appetite Statement Identify where in AgriFutures' operating model risks and opportunities are concentrated, for example field research programs in climate-exposed regions, specific levied and emerging industry programs, and rural stakeholder engagement and events Include a distinct process for identifying and assessing climate-related opportunities Phase 4: Prioritise and plan Prioritise the identified risks and opportunities Identify existing controls and gaps Recommend proportionate treatments, owners and timeframes Recommend how climate-related risks and opportunities should be integrated into the Risk Management Framework, risk reporting to the Audit Committee and Board, and existing governance documents Consider whether any additional climate-related targets or initiatives would provide genuine organisational and disclosure value, with any recommendation proportionate, measurable and supported by a clear rationale Phase 5: Reporting, disclosure support and knowledge transfer Prepare a draft and final assessment report Prepare a disclosure-ready summary mapped to the Simplified CCD Requirements, in particular Strategy S1–S4, including S3(a)(ii) on the application of CROMP, and Risk Management R1 Present the findings to the Leadership Team and Audit Committee Hand over the completed tool or template and the methodology so that AgriFutures can refresh the assessment annually Contractor Requirements Suitably qualified and experienced provider capable of delivering an organisation-level climate risk and opportunity assessment aligned with CROMP Instructions to Tenderers Responses must be lodged electronically by email to Jennifer.Langwill@agrifutures.com.au The email subject line must read "RFQ – CROMP Climate Risk and Opportunity Assessment – [Respondent name]" Responses must be provided in PDF format Pricing may also be provided in Excel AgriFutures will acknowledge receipt by email Enquiries Name: Jennifer Langwill Position: Senior Manager, Governance and Risk Email: Jennifer.Langwill@agrifutures.com.au Phone: 02 6923 6941