With the introduction of mandatory climate-related financial disclosures in Australia, the spotlight isn’t just on listed companies. Government entities, including Government Trading Enterprises (GTEs) and their equivalents across states, are also captured under the legislation.

With regulatory focus intensifying, some businesses are rushing into disclosure without a clear plan, publishing sustainability reports that are technically compliant but disconnected from their strategy, products, or operations. This approach misses the point. Sustainability reporting should not just meet regulatory standards; it should improve how your organisation manages risk, delivers on ESG commitments, and creates long-term value. Reporting should demonstrate progress,

Codan lacked the necessary research and studies to support robust carbon reduction targets on a global scale. To prepare for regulatory changes and reinforce its commitment to sustainability, Codan engaged Perspektiv to develop its baseline global carbon footprint for FY22/23 and create a comprehensive carbon reduction strategy.