From bdo.com.au: Australian subsidiaries of foreign parents must prepare individual sustainability reports unless an Australian parent entity elects to consolidate. … read more
From bdo.com.au: Revenue, assets, and employee counts determine mandatory sustainability reporting, with guidance provided by ASIC’s RG 280.
Accurate measurement in these areas ensures compliance with sustainability reporting thresholds.… read more
From bdo.com.au: Sustainability addresses critical business challenges like risk management, cost reduction, and brand loyalty.
By integrating sustainable practices, companies can improve risk strategies, reduce operational costs, and attract both customers and talent.… read more
From bdo.com.au: ASIC issued regulatory guidance to aid entities in crafting mandatory sustainability reports, detailing reporting obligations and content requirements, as well as offering relief options.… read more
From www.aicd.com.au: ASIC issued its final Regulatory Guide on sustainability reporting, clarifying directors’ duties and liability settings related to mandatory climate reporting requirements.
The guidance refers to the need for directors to understand their responsibilities, establish systems for managing climate risks, and apply rigorous oversight of sustainability disclosures.… read more
From www.holdingredlich.com: The NSW Renewable Fuel Scheme is set to commence in 2026, aiming to incentivise the production of green hydrogen and other renewable fuels, establishing compliance requirements for end users and retailers of gas.… read more
From www.icaew.com: Accounting professionals can apply the materiality principle to integrate sustainability-related information into financial reports by expanding their perspective to include long-term impacts and risks.… read more
From gtlaw.com.au: Regulatory bodies in Australia are intensifying their scrutiny leading to a surge in active investigations and court outcomes, risking concurrent inquiries into the same incidents.… read more
From thefifthestate.com.au: Green investment is becoming increasingly relevant in turbulent financial markets, particularly as Asian and European collaborations seek to enhance climate initiatives.
Despite the volatility of market-linked investments, such as green bonds, projects focused on renewable energy and decarbonisation continue to attract funding, exemplified by significant commitments like the $490 million green loan for New South Wales’ Central-West Orana Renewable Energy Zone.… read more
From piperalderman.com.au: Green finance has gained traction in the Australian commercial property market, with approximately AUD 10 billion in green loans accounting for about 3% of commercial property debt as of June 2022.… read more
From hlb.com.au: HLB Mann Judd’s latest publication discusses the need for entities to revise their income statements in light of the new AASB 18 standard, which replaces AASB 101 and alters financial performance reporting.… read more
From www.klgates.com: The Australian Securities Exchange Corporate Governance Council’s decision to halt proposed diversity reforms highlights resistance to enhanced ESG commitments within the investment community.… read more
From thefifthestate.com.au: Mandatory climate risk reporting for Australian businesses is now in effect, shifting from carbon accounting to broader climate change implications for business operations.… read more
From alp.org.au: The Albanese Labor Government plans to implement a $2.3 billion Cheaper Home Batteries Program starting July 1, 2025, aimed at reducing the cost of home batteries by 30%, saving households up to $1,100 annually on energy bills.… read more
From www.aumanufacturing.com.au: Medsalv, founded by Oliver Hunt, is a medical device remanufacturer operating across Australia and New Zealand, focused on reducing waste by reprocessing single-use medical devices for hospitals.… read more