Get the facts about mandatory climate reporting
On March 27, the Australian Federal Government introduced legislation for mandatory climate reporting for businesses, commencing in January 2025. Much of the legislation aligns with the latest global standards released by the International Sustainability Standard Board (ISSB) last year and includes reporting on Scope 3 (or supply chain) emissions, as well disclosing targets and actions across all three scopes. As such, this legislation is likely to have a ripple effect throughout the economy, impacting businesses large and small. It has been said that this is the largest change to corporate reporting in a generation.
According to the Treasury Department, the aim is to have a "rigorous, internationally aligned and credible climate disclosure regime which will support Australia’s reputation as an attractive destination for international capital and help draw the investment required for the transition to net zero. It will bring Australia in line with other jurisdictions, including the EU, UK, New Zealand and Japan."*
This means that companies will need to be equipped to provide climate-related financial disclosures.
Dr Vanessa Rauland CEO and Founder of ClimateClever will guide you through the beginning of this process. She is a passionate entrepeneur, researcher, author and public speaker who has dedicated her career to addressing climate change and increasing awareness of the the benefits of sustainability, climate action and low carbon living.
NMTAFE in collaboration with ClimateClever is hosting a webinar on Friday 3 May at 9:00am (AWST) to help you unpack the essentials of mandatory climate reporting, delve into what this means for your business.
*Treasury.wa.gov.au