Navigating mandatory climate-related financial reporting
| White Paper
Navigating mandatory climate-related financial reporting
The Australian government is looking to enforce mandatory
climate-related reporting obligations for the country’s largest
companies and financial institutions starting from 1 July 2025. If
passed, the Bill will establish a regime that requires entities that
meet statutory sustainability reporting thresholds to report and
maintain records regarding climate-related financial risks and
opportunities, including in respect of greenhouse gas emissions,
governance, risk management and emissions reduction targets.
The rules would require companies to report Scope 1 and 2 and
material Scope 3 emissions.
In this paper we look at the implications for businesses and how they can make changes to their energy strategy to cut emissions for the future.