Like Alice through the looking glass, Australian business has entered the new world of mandatory climate-related financial disclosure. With the summer holiday season well and truly behind us, we know that Australian business is turning its attention to planning – budgeting and resourcing for the year ahead, which includes the breadth of preparations needed for assessing climate risks and reporting these under Australian Sustainability Reporting Standards (ASRS). The task ahead is significant and we know that many businesses are not as ready as they should be.
We have organised our ASRS tools and resources into a guide which steps you through the elements of mandatory reporting - covering governance, risks (physical and transition) and opportunities, emissions (scope 1 and 2 initially, scope 3 by the second year) and transition plans, metrics, and how the business' strategy is informed by climate-related matters. The requirements increase over time. The level of assurance also increases over time. To help, ERM Energetics has compiled our insights, tools, and resources into a step-by-step ASRS Guide. Our advice also helps you go beyond compliance — and use ASRS to create value for your business.
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