Mandatory Climate Reporting
The Australian Government is implementing mandatory climate reporting for a wide range of businesses, with a phased introduction set to be completed by 2027.
This initiative will apply to businesses meeting at least two of the following criteria:
Consolidated revenue exceeding $50 million,
Consolidated gross assets totaling $25 million or more, and
A workforce of 100 employees or greater.
Starting from the initial reporting year, businesses will be obligated to provide detailed information on governance, strategy, risk management, as well as metrics and targets. This includes reporting on Scope 1 and Scope 2 greenhouse gas emissions.
Our climate change team are well-equipped to support your business with these requirements:
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Governance
Establishing effective Climate Risk governance across the organisation including board oversight, management processes and disclosure practices.
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Strategy
Identifying the actual and potential impacts of climate-related risks (and opportunities) on your business, strategy and financial planning.
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Risk Management
Identification of climate risks, their integration into existing risk management processes, scenario analysis, resilience planning and risk management disclosures.
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Metrics & Targets
Metrics and targets used to assess and manage relevant climate related risks and opportunities, including a comprehensive Greenhouse Gas assessment of your organisation
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Education
Climate Risk training for your key personnel to ensure informed strategic decisions, enhance resilience against climate-related threats, and capitalise on emerging opportunities in a rapidly changing business landscape.
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Get Started Now
If you meet the reporting requirements, we recommend beginning preparations as early as possible and to build up capability over the roll-out phases.