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How prepared is corporate Australia to respond to the greatest corporate disclosure challenge of our time?
RSM conducted independent research to answer just that question.
With mandatory reporting set to be introduced by 1 January 2025, RSM has reviewed the public sustainability reporting practices of more than 1500 Australian public and private companies expected to become mandatory reporters under the new Australian Climate Reporting Standards.
The rapid change in reporting requirements prompted RSM, as sustainability and climate thought leaders, to understand and unpack the current state of climate and sustainability reporting in Australia.
To date, less than 40% of mandatory reporters have collected and reported their Scope 1 and 2 emissions data, demonstrating a significant gap in where corporate Australia is now, versus where we need to be.
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Sealord
New Zealand-based seafood company Sealord has developed a comprehensive framework over three years that has seen the organisation embed sustainability into the heart of its strategy and operations. As one of the southern hemisphere’s largest fishing operations, it conducts deep-sea fishing and fin-fish aquaculture and exports 90% of its catch to more than 40 countries around the world.
About three years ago, stakeholder and internal engagement elevated climate as a key risk. Today, Sealord invests up to 10% of its profits in sustainability initiatives.
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