The Edge Round-Up: Mandatory Climate-Related Financial Disclosure
Edge Impact
A global impact consultancy combining science, strategy and storytelling to reimagine sustainability for positive impact
The Edge Round-Up brings you the essential updates on sustainability in Australia and around the globe.
In this month's Round-Up, we explore the latest developments in Mandatory Climate-Related Financial Disclosure, offering guidance on navigating these changes from both a brand and leadership perspective. Additionally, we share practical services and resources to help organisations prepare effectively.
A note from Alison Rowe
Edge Impact's CEO
As we close out the financial year, it's an important time to reflect on the evolution of the sustainability program, critical and relevant for many industries, to the ESG strategy aiming to address climate change, human rights, equity, nature and more.
There's a growing demand to integrate ESG into core business strategies, which has also seen a change in not only who is interested in the ESG strategy but who owns ESG in a company.
Recent research by Spencer Stuart and Diligent Institute, involving over 800 global board directors, reveals that 96% of directors expect a continued or stronger focus on ESG in the next five years. However, 42% of them seek clearer connections between ESG goals and business strategy, with internal competition being the biggest hurdle in developing and integrating ESG strategies.
It's no wonder that the role of the Chief Sustainability Officer is more critical than ever, as they work across businesses, through supply chains, and within communities to design and integrate impactful strategies.
As we look ahead to the coming year, where mandatory disclosure reporting will affect many companies and their supply chains globally, and Australia launches the world’s first nature market, measurement, commerciality, transparency and impact will remain core to integrating ESG into business strategy. At Edge, we're looking forward to continue creating transformative impact together.
Warm Regards,
📚 Latest Articles and Practical Resources
Is your organisation prepared for the upcoming climate disclosure standards?
With our in-depth knowledge of reporting standards, whether ISSB, CRSD or ASRS - our readiness assessment process will consider which standards are relevant for your business.
How to Achieve Brand Transparency
Learn from real-world examples and discover five effective strategies to elevate your brand's transparency.
Leadership in the Age of Disclosure
Learn how organisations can leverage transparency, and integrate sustainability across all levels to drive meaningful change towards achieving net zero emissions.
Mandatory Climate-Related Financial Disclosures
We've developed a variety of practical guides, tools, and articles. Each resource is expertly designed to lead you through every step of the reporting process, ensuring a smooth and comprehensive compliance journey.
"Understanding the impact of climate change risk on financial performance has been steadily increasing. With pending Australian government regulation, the time to address physical and transition risks while preparing for reporting is now.”
Mark Siebentritt Global Practice Lead for Climate, Edge Impact
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With our in-depth knowledge of reporting standards, whether ISSB, CRSD or ASRS - our readiness assessment process will consider which standards are relevant for your business.
Contact Mark Siebentritt to get started or contact us here.
📰News
ISSB delivers further harmonisation of the sustainability disclosure landscape as it embarks on new work plan
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced a series of moves aimed at harmonising sustainability reporting requirements for companies, with a focus on areas including disclosure of corporate climate transition plans and the measurement of Greenhouse Gas Protocol (GHG Protocol) emissions across the value chain.
Findings from the ACCC’s investigation into the Climate Active Carbon Neutral label
The recent findings from the ACCC investigation into the Australian Government's Climate Active Carbon Neutral labelling program has not only reinforced the need for more robust and resilient regulatory measures but emphasised the importance of education.
Food Organics and Garden Organics (FOGO) Mandates
The NSW Government has set out goals under the Waste and Sustainable Materials Strategy 2041 of halving organics, including food organics, going to landfill. To achieve this, the NSW Government proposes to mandate food and garden waste collections, known as FOGO collections, for select businesses from 2025 and all NSW households from 2030.
The new ISO 59000 family of standards for circular economy
It provides frameworks, guidance, supporting tools and metrics that foster, measure and assess an organisation's shift towards a circular economy. We asked, our Principal Consultant in the Circular Economy and Lifecycle Thinking team to provide his insights into what this means for organisations.
Seamless launches with more than 60 members
Australia’s first-ever national clothing product stewardship scheme has launched into full operation today with over 60 members on board so far.
Does your advisor on climate risk and disclosure have the experience to support you on your ASRS journey?
Edge Impact has been undertaking climate risk assessments for the last 15 years across a range of sectors and industries.
Contact Mark Siebentritt , our Global Practice Lead for Climate to get started.
"Understanding the impact of climate change risk on financial performance has been steadily increasing. With pending Australian government regulation, the time to address physical and transition risks while preparing for reporting is now.” - Mark Siebentritt
Learn more about our Decarbonisation and Climate Resilience Services here.
We hope you enjoyed our latest Round-Up. To learn more about how we can support your business - get in touch today.
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