Companies will need to ramp up sustainability reporting to meet new standards that’ll govern activities from the start of next year.
Decarbonate is an ESG, climate risk, and carbon advisory business helping large, mid, and small-cap company leaders work through mandatory climate reporting requirements.
The first group of companies to be impacted will be those with market caps above $500 million – they’re going to be expected to report from January 1.
I spoke with Decarbonate’s MD Brendan Tapley at the Critical Minerals and Energy Investment conference in Perth, who admits it will mean extra work for companies.
“There are ways to approach it – bite-sized chunks,” he said.
“For the companies that don’t have to report for a couple of years, it’s a matter of getting started.
“That’s understanding ‘what are the risks and opportunities’ and then having an ESG framework, ideally a sustainability report on your website to start to identify and disclose your risks, and then, doing the work – which could be a year to two of analysis (…) – budgeting for it on an annual basis to do what’s required.”
Investors will be able to see what’s being reported by companies on their websites.
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