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Prepare for Mandatory Climate Reporting
Be prepared
Are you ready to navigate the new requirements for mandatory climate-related disclosures in Australia? Mandatory climate disclosures are based on the International Sustainability Standards Board (ISSB)’s climate standard, IFRS S2 and represent the biggest change to corporate reporting in decades.
Who it Impacts
While phased-in reporting will start with Australia's largest reporting entities, organisations of all sizes will be impacted by this change. As more companies are required to report financial climate risks, this will cascade in the supply chain to small and medium enterprises (SMEs) and across the broader economy.
Group 1
When:
2025
Who?
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$500+ million consolidated revenue
-
$1 billion consolidated gross assets
-
500+ employees
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Above NGER publication threshold (50,000 tonnes CO2e)
Group 2
When:
2026
Who?
-
$200+ million consolidated revenue
-
$500+ million consolidated gross assets
-
250+ employees
-
$5 billion+ under management (for asset owners)
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All other NGER reporters
Group 3
When:
2027
Who?
-
$50+ million consolidated revenue
-
$25+ million consolidated gross assets
-
100+ employees
Where to Begin?
You will need to assess where your organisation currently stands both in terms of maturity and ambition. We can help you to build a comprehensive roadmap to ensure your organisation is equipped to manage compliance requirements and proactively mitigate climate risks.
Evaluating the maturity of your organisation's ESG practices.
You will need to assess where your organisation currently stands both in terms of maturity and ambition. We can help you to build a comprehensive roadmap to ensure your organisation is equipped to manage compliance requirements and proactively mitigate climate risks.
Ambition to take action but is yet to identify relevant climate-related risks and opportunities
No dedicated resources or direct responsibilities for sustainability initiatives
Does not yet track carbon data
Taking The Plunge
Management team predominantly oversee and implement sustainability initiatives e.g. Sustainability Manager
Climate Strategy focuses on environmental compliance or regulatory objectives
Risk Management does not include climate risks
Some carbon metrics and targets cover key emission sources (e.g. energy, fuel usage)
Moving Up The Ladder
Board and leadership endorse climate-related initiatives on ad-hoc basis
Climate Strategy may address carbon reduction but not physical climate risks
Risk Management informed by qualitative scenarios
Carbon Metrics and targets covers operational emissions only (Scope 1 and 2)
Soaring Forward
Board, leadership and staff mandates include climate responsibilities
Climate Strategy is set, and considers future financial and strategic impacts of climate change
Risk Management informed by two quantitative scenarios, including a 1.5°C scenario
Carbon Metrics and targets cover operational and value chain emissions (Scope 1, 2 and 3)
Reporting Ready
The Stages of Maturity
Taking The Plunge
-
Ambition to take action but is yet to identify relevant climate-related risks and opportunities
-
No dedicated resources or direct responsibilities for sustainability initiatives
-
Does not yet track carbon data
Moving Up The Ladder
-
Management team predominantly oversee and implement sustainability initiatives e.g. Sustainability Manager
-
Climate Strategy focuses on environmental compliance or regulatory objectives
-
Risk Management does not include climate risks
-
Some carbon metrics and targets cover key emission sources (e.g. energy, fuel usage)
Soaring Forward
-
Board and leadership endorse climate-related initiatives on ad-hoc basis
-
Climate Strategy may address carbon reduction but not physical climate risks
-
Risk Management informed by qualitative scenarios
-
Carbon Metrics and targets covers operational emissions only (Scope 1 and 2)
Reporting Ready
-
Board, leadership and staff mandates include climate responsibilities
-
Climate Strategy is set, and considers future financial and strategic impacts of climate change
-
Risk Management informed by two quantitative scenarios, including a 1.5°C scenario
-
Carbon Metrics and targets cover operational and value chain emissions (Scope 1, 2 and 3)
