NZ Shareholders Association’s Post

🌱 Australia's corporate responsibility landscape is changing. Mandatory climate reporting requirements will roll out from 2025, impacting nearly all Australian companies. This shift presents opportunities to grasp your company's environmental impact and mitigate climate risks. If you need guidance on navigating any of this, let's chat! #ASRS

Last week the Australian Accounting Standards Board (AASB) convened a meeting to vote on the proposed Australian Sustainability Reporting Standards. They voted in favour of both the AASB S1 (voluntary) and AASB S2 (mandatory) standards. This means that from next year, mandatory climate reporting requirements will be phased in for nearly every company in Australia. This is a huge shift in the reporting requirements, but also offers a significant opportunity for companies to understand their impact and get on top of emerging climate risks. Our experts are already helping Australian companies prepare for reporting, with greenhouse gas (GHG) assessments, scope 3, transition plans and target setting, as well as climate risk assessments and scenario analysis. 👉 Check out our latest article and factsheet via the link in the comments to see what you need to do or reach out to our team for support. James Balík-Meacher | Miguel Oyarbide | Luke Bertini #ASRS #ClimateReporting #Climate #MakingSustainabilityHappen

🌍🌿💻 Global climate regulation is evolving from only requiring emissions disclosures to asking for transition plans. These documents, which outline how companies will address climate impact and prepare for climate risks, are a requirement not just for the CSRD (Corporate Sustainability Reporting Directive), but also the CSDDD (Corporate Sustainability Due Diligence Directive) and the UK's Transition Plan Taskforce. Join Environmental Finance in partnership with Watershed for a free webinar that will discuss transition plans in the CSRD and beyond.    𝗖𝗼𝗻𝗳𝗶𝗿𝗺𝗲𝗱 𝘀𝗽𝗲𝗮𝗸𝗲𝗿𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:    🌱 David Carlin, Head of Risk, UNEP FI 🌱 Megan Schlosser, Climate Advisor, Watershed 🌱 Eric Nevalsky, Climate Advisor, Watershed 🌱 Christina Kopka, Head of Customer Success, Europe, Watershed (Moderator) 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻 𝗮𝗿𝗲𝗮𝘀: ◉ The details of the CSRD’s transition plan requirements ◉ How companies can streamline CSRD and CSDDD preparation ◉ How to create a useful and compliance-ready transition plan 📆 𝗗𝗮𝘁𝗲: Wednesday 16 October 2024 ⌚️ 𝗧𝗶𝗺𝗲: 10:00 ET | 15:00 BST 💻 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗹𝗶𝗻𝗸: https://lnkd.in/gfnbzGQd 🤝 𝗜𝗻 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘄𝗶𝘁𝗵: Watershed #CSRD #transition #sustainability #CSDDD #climate #risk #environmentalfinance #emissions #corporate #reporting #disclosure #environment #netzero

Australia to Mandate Climate Reporting by 2025 Australia has passed legislation requiring large and medium-sized companies to disclose climate-related risks starting January 2025. The law includes mandatory scenario analyses and phased-in Scope 3 emissions reporting, aligning Australia’s standards with global frameworks like ISSB. Exciting progress as Australia continues its transition to a net-zero economy! #Sustainability #ClimateReporting #NetZero #ESG

Australia's new mandatory climate reporting regime marks a significant shift towards greater transparency and accountability in corporate environmental practices. The new regime requires large companies in Australia to prepare sustainability reports with mandatorily required climate-related disclosures and data. Dentons Partner Michelle Segaert outlines the practical implications of this regime for businesses across various sectors. Read more: https://lnkd.in/guWjZwJe

The passing of the Australian Government's landmark climate reporting Act is a game-changer for businesses across the country. With mandatory climate-related financial reporting soon becoming a reality for over 6,000 entities, the time to act is now. Establishing a sustainability plan, regardless of your organisation’s size, is increasingly important for navigating the evolving reporting landscape. Taking action not only ensures compliance preparedness but also strengthens your positioning with key stakeholders and trading partners. Proactive steps today will set the foundation for future success and resilience. The team at Certified Sustainable is here to assist organisations on their journey toward a more sustainable future. MinterEllison #Sustainability #Certification #CertifiedSustainable #ClimateReporting #ESG #CorporateGovernance https://lnkd.in/gahaDePD

The Business Council of Australia, representing some of the largest companies in the country, has recently advocated for a one-year delay to the impending mandatory climate change reporting. The reasoning behind this push is to allow companies ample time to adjust to new disclosure requirements and ensure the reporting can be as accurate and effective as possible. What are your thoughts on this delay? Is the trade-off worth it? How do we strike an optimal balance between rigorous reporting standards and timely action on climate change? #ClimateReporting #CorporateResponsibility #ESG #Sustainability #BusinessCouncilofAustralia #ClimateAction Read more about the development here: 👇

🌱 Last week marked a watershed moment for corporate reporting in Australia with the passing of climate reporting legislation by Parliament. It’s a significant step forward for Australia’s contribution to the global #NetZero agenda and strengthens our position as an attractive destination for global capital. Steve Morgan, Principal for ESG shares the news below. Want to know how your business can navigate this change responsibly? Get in touch with Automic Group to chart a path towards sustainable impact. #Sustainability #ClimateReporting #CorporateResponsibility #ESG #AutomicGroup

🚨 Australia Takes a Major Step Towards Mandatory Climate Reporting 🌿📊 The Australian Senate has just passed a bill introducing mandatory climate reporting for large and medium-sized companies. This will provide much-needed clarity for investors and companies alike, supporting Australia's transition to a net-zero economy. Key points: ➡ Aligns with ISSB standards ➡ Includes climate-related risks, opportunities, and GHG emissions across the value chain ➡ Phased implementation starting 2025 for largest companies https://lnkd.in/gnrNfG2r