Our guide for Group 3 entities outlines the disclosure requirements, location of disclosures and what a timeline could look like for entities required to commence climate reporting from 1 July 2027.
In today's business environment, entities and their stakeholders are increasingly interested in understanding sustainability related risks, opportunities and measures. These expectations are being applied to organisations irrespective of their size, structure, sector or stage of their life cycle.
To remain relevant in an evolving business landscape, company boards and management will need to respond to changing stakeholder expectations and assume a higher degree of transparency and accountability required by changing regulatory and reporting requirements.
While some organisations have adopted sustainability practices as a part of their purpose and values, many are yet to formalise it into policy that can be effectively communicated to stakeholders and the broader community.
What is ESG?
While it has been operating in some form for decades, the highly evolving ESG space can mean different things to different people and organisations. Ultimately, it is the framework through which social and environmental impacts can be measured, and assists organisations to manage risks and identify opportunities on issues of sustainability.
Environmental
- Climate change/carbon emissions
- Land use/ecological sensitivity
- Air/water pollution
- Biodiversity/deforestation
- Waste recycling and re-use
- Energy efficiency
- Population growth
- Water management
- Fresh water availability
- Emergency preparedness
- Renewable fuels
Social
- Diversity, equity and inclusion
- Employee engagement
- Human rights and modern slavery
- Impact and local communities
- Customer satisfaction
- Working conditions
- Health, safety and wellness
- Community engagement
- First Nations engagement
- Employee relations
- Wealth creation and employment
Governance
- Governing purpose
- Board composition
- Ethical standards
- Corporate behaviour
- Cyber security
- Data protection/privacy
- Bribery and corruption
- Stakeholder engagement
- Risk and opportunity oversight
- Shareholder rights
- Remuneration and executive compensation
How we help clients
Our ESG specialists help clients to develop and implement sustainability strategies that align with their short, medium and long-term goals and values.
In developing the sustainability and ESG strategy, specialists identify and measure the client’s impact on society and the environment in a manner that delivers value to the business and its stakeholders.
Some of the ways we assist organisations in improving their ESG credentials include:
- ESG assessments and roadmaps, including baseline measurements, goal setting and ongoing monitoring
- GHG emissions measurement, including ongoing monitoring, setting of targets, engaging suppliers and implementing decarbonisation strategies
- Sustainability reporting, disclosure and associated assurance
- ESG advisory services, including supply chain reviews, evaluating investments or partnerships and integration of ESG into financial reporting and planning
- Corporate governance, risk management and board advisory services.