From acuitymag.com: Businesses must cut greenhouse emissions by 9% annually to address the rapidly increasing global temperatures, which have reached unprecedented levels.
Developed nations hold a greater responsibility to lead these reductions, as the difference in impacts between a 1.5C and 2C rise is significant.… read more
From www.claytonutz.com: ASIC)has released Regulatory Guide 280 (RG 280) to provide clarity on mandatory sustainability reporting requirements that commenced on January 1, 2025, for certain entities.… read more
From allens.com.au: Climate policy focuses on achieving net zero emissions by 2050, with renewable energy targets set for 2030.
New legislation aims to strengthen environmental governance and compliance through the establishment of Environment Protection Australia and Environment Information Australia.… read more
From charteredaccountantsanz.com: Accountants play a crucial role in climate-related transition planning, which integrates net zero emissions targets into business strategies.
This guide provides essential insights on creating credible transition plans that align with the Australian Accounting Standards Board guidelines and mandatory disclosure requirements.… read more
From www.accountantsdaily.com.au: Grant Thornton has advised small businesses in Australia to prepare for upcoming mandatory climate disclosure requirements that will indirectly affect them starting January 1, 2025.… read more
From hallandwilcox.com.au: Healthcare and education organizations must navigate increasingly stringent environmental, social, and governance requirements, influenced by factors such as U.S. government funding stipulations and Australian regulatory developments.… read more
From www.tglaw.com.au: The Federal Court of Australia imposed an A$8.25 million penalty on Clorox Australia Pty Ltd for making misleading claims on its “GLAD to be Green” garbage bags, which falsely suggested they contained ocean-sourced plastic.… read more
From www.icaew.com: (UK context) Measuring and reporting natural capital is increasingly necessary as global regulators mandate corporate disclosure of non-financial capital, with accountants playing a vital role in this process.… read more
From allens.com.au: ASIC’s RG 280 outlines the CRFD Regime, detailing sustainability reporting requirements and directors’ responsibilities under the Corporations Act 2001.
It emphasizes record-keeping, the use of forward-looking statements, and the importance of scenario analysis and Scope 3 emissions reporting.… read more
From hlb.com.au: Entities preparing to report climate-related information in their annual financial reports must comply with varying assurance requirements established by the Australian Sustainability Reporting Standards.… read more
From www.icaew.com: (UK context) Nature-related risks and opportunities are becoming integral to accountancy firms, as seen in the initiatives by Saffery, which is expanding its services to include climate and nature-related reporting.… read more
From www.icaew.com: Green budgeting integrates climate and environmental considerations into government budget frameworks to promote sustainability and align public finance with environmental goals.
Countries like Denmark, France, and Norway have begun using environmental impact assessments as prerequisites for budget proposals, highlighting the importance of transparency in public spending.… read more
From hlb.com.au: Scope 3 emissions, which account for 80% to 90% of an entity’s overall greenhouse gas emissions, include indirect emissions generated by activities outside an organization’s direct control, such as those related to suppliers and product usage.… read more
From www.aicd.com.au: Directors should adopt a strategic approach to utilizing carbon credits and renewable energy certificates (RECs) as part of their corporate climate transition plans, particularly in high-energy-demand sectors.… read more
From www.holdingredlich.com: In December 2024, the Future Made in Australia (Guarantee of Origin) Act 2024 received Royal Assent, establishing the Guarantee of Origin (GO) scheme, which provides a government-backed framework for verifying emissions footprints of products and renewable electricity.… read more