From www.accountingweb.co.uk: [UK context] A growing number of accountants in the UK are launching environmental, social, and governance (ESG) services to meet increasing client demand, driven by both regulatory requirements and the recognition of ESG as a competitive advantage.… read more
From allens.com.au: Businesses are urged to enhance their human rights commitments amidst growing regulatory trends, including mandatory due diligence consultations and increased scrutiny on ESG disclosures.… read more
From gtlaw.com.au: The new climate-related disclosure regime mandates that large reporting entities prepare annual sustainability reports alongside financial reports starting from January 2025.
These reports must adhere to specific standards set by the AASB and AUASB, with guidance from ASIC, to enhance transparency on climate-related financial risks.… read more
From www.icaew.com: [UK context] The International Sustainability Standards Board (ISSB) proposed amendments to IFRS S2 to simplify reporting requirements for Scope 3 greenhouse gas emissions, particularly for financial institutions like banks and insurers.… read more
From pointonpartners.com.au: Clorox Australia Pty Ltd was ordered by the Federal Court of Australia to pay $8.25 million for misleading environmental claims about its “Glad to be Green” trash bags, which were incorrectly marketed as being made of “50% Ocean Plastic Recycled.”… read more
From bdo.com.au: ASIC provides guidance on directors’ duties related to sustainability reporting, emphasising the necessity for understanding climate-related risks and establishing risk management systems.
Directors are encouraged to rely on expert advice while maintaining personal judgement and accountability.… read more
From bdo.com.au: AASB S2 Pillar 2 emphasizes the importance of integrating climate strategy into business reporting to enhance resilience and value.
Companies are encouraged to assess and disclose climate-related impacts on their financial performance by aligning climate science and policy with strategic planning.… read more
From bdo.com.au: Australia will mandate climate-related financial disclosures starting 1 January 2025, requiring Group 1 entities to report their greenhouse gas emissions using AASB S2.… read more
From hlb.com.au: Mandatory climate reporting introduces significant responsibilities for directors, requiring them to ensure that sustainability reports comply with legislation and accurately reflect the company’s environmental impact.… read more
From www.klgates.com: The Australian Securities and Investments Commission has issued Regulatory Guide 280 (RG280) to provide guidance on the new climate-related financial disclosure requirements for companies under the Corporations Act 2001, which necessitate the preparation of sustainability reports.… read more
From www.accountantsdaily.com.au: A civil lawsuit from the advocacy group Parents for Climate against Energy Australia highlights flaws in the government’s Climate Active certification scheme, accusing the company of misleadingly marketing its ‘Go Neutral’ product as carbon neutral.… read more
From www.aicd.com.au: Australia’s federal election has given a strong mandate for climate policy under the Albanese government, with established 2030 and 2050 emissions targets fostering a focus on long-term climate strategies.… read more
From www.claytonutz.com: Queensland’s proposed Planning (Social Impact and Community Benefit) and Other Legislation Amendment Bill 2025 mandates that large-scale solar and wind farm developments conduct a social impact assessment and enter into a community benefit agreement as part of their development applications.… read more
From www.sciencedirect.com: Major corporate customers play a crucial role in deterring supplier misconduct by imposing pressure for compliance with social and environmental standards.
Firms with concentrated customer bases demonstrate significantly lower misconduct rates and penalties, especially when customers exert higher scrutiny.… read more
From hlb.com.au: Good governance for organisations enhances decision-making processes, promotes transparency, and balances stakeholder needs.
In the context of ESG criteria, effective corporate governance supports compliance and risk management while maintaining financial sustainability.… read more