JBS&G - An Independent Accredited Environmental Consultancy’s Post

Are you ready for the changes to the Australian Sustainability Reporting Standards? Our experienced JBS&G - An Independent Accredited Environmental Consultancy Sustainability & ESG team is here to help with your sustainability reporting requirements. #Sustainability #SustainabilityReporting #ESG #ASRS

Its been interesting speaking to stakeholders and working with my colleagues here and at Finlaysons on this paper. The new Australian Sustainability Reporting Standards (ASRS) are going to help government but, ultimately, they will also help companies as the law brings clarity and consistency on what's expected on reporting/disclosure. ASRS alignment with IFRS also means mandatory company reporting here in Australia will be aligned with global market expectations, hopefully streamlining things for sustainability teams. #climatechange #climatereporting #ESG #sustainability #sustainableinfrastructure #sustainablemining #IFRS #ASRS

Big news out of #Singapore this week as the government announces its new sustainability reporting regulations. Starting FY2025, listed companies must report annual climate-related disclosures aligned with International Sustainability Standards Board (ISSB) IFRS standards. By FY2027, this requirement extends to large non-listed firms with over $1 billion in revenue and $500 million in assets. The reporting aims to drive the #greentransition, helping companies strengthen #sustainability capabilities and access new markets. The phased implementation gives companies time to prepare, with key requirements including reporting Scope 1, 2, and 3 emissions, obtaining external assurance, and leveraging government support. Our mandatory reporting and climate risk team is here to help companies navigate this evolving landscape. Reach out to learn more about how we can assist you. Whether you need advice on meeting the new requirements or want to stay ahead of the curve, we're here to support your business. Anthesis Group Hannah Meade Gregor Theinschnack Julian Soo Lucy Wedge Peggy Oh #mandatoryreporting #sustainabilityreporting #climaterisk #climatedisclosures #ISSB #singapore #financialreporting https://lnkd.in/eqgfsawS

A really interesting and topical read from PwC UK's Head of Audit Hemione Hudson on how to reverse the growing sustainability reporting trust deficit. Nearly three quarters of UK companies set climate change targets, but only 14% have a detailed plan for how to meet them. PwC carried out a 'two year review of TCFD reporting' last year over 50 FTSE 350 companies, and a key theme arising from this was that companies would benefit from including greater explanation on why climate change is important to the company, where they are on their journey and the nature of information provided. Good reporting can help explain where a company is on their journey to a climate change response, as well as provide evidence on the progress they are making against ESG targets. In turn, helping to build trust with stakeholders and investors looking to rely on these disclosures. Ultimately, we know that increases in trust can only be born from companies being more transparent about the journey they’re on, and bringing their investors and other stakeholders with them. Let's continue to strive for more clear explanation and transparent disclosure!

This alignment between CDP and the IFRS Climate Disclosure Standard is a game-changer for sustainability reporting. Standardization is critical for ensuring that climate-related disclosures are meaningful and actionable. This move will undoubtedly help organizations improve the transparency and comparability of disclosures, ultimately leading to more informed decision-making across the board. Exciting times for the future of ESG! #Sustainability #ESG #ClimateDisclosure #CDP #IFRS #SustainabilityReporting

Sustainability reporting can be tough for companies, given the lack of cohesive rules around doing so. It's a new area, and many firms don't even have the data necessary, but keeping excellent financials is a good start. Right now, most companies are reporting how they spend money and their carbon footprint. If you need need help keeping track of where you're spending your cash and need to report on ESG, we can help you untangle any issues with your books, so you can stay on track with investors and regulators. #esg #business #financials

🌟 Exciting News Alert! 🌟 As the Director of Innovation, I am thrilled to share with you the latest development in the world of ESG reporting. California has taken a groundbreaking step towards introducing companies to ESG reporting, setting a remarkable precedent for the rest of the world to follow. Let's dive into the details! In October 2023, California made history by becoming the first state to pass regulations for reporting greenhouse gas emissions (GHGs). [3] [1] [2] This significant milestone was achieved through two bills: the Climate Corporate Data Accountability Act (SB-253) and the Climate-Related Financial Risk Act (SB-261). These bills outline the framework for companies to report their environmental impact and climate-related financial risks. Why is this so important, you may ask? Well, ESG (Environmental, Social, and Governance) reporting has become a cornerstone in the corporate world. It reflects a company's impact on the environment, its relationships with stakeholders, and its internal governance. By mandating ESG reporting, California is taking a proactive approach to ensure transparency and accountability in corporate practices. This move by California is not only commendable but also sets a powerful example for other states and countries. It demonstrates the growing recognition of the need to address climate change and promote sustainable business practices. By integrating ESG reporting into their operations, companies can better understand their environmental impact and make informed decisions to mitigate risks and drive positive change. At Wolters Kluwer and Tagetik, we are passionate about empowering organizations to embrace ESG reporting. Our cutting-edge solutions enable companies to collect, analyze, and report ESG data effectively. We believe that by leveraging human-centered artificial intelligence, we can unlock the full potential of ESG reporting and drive meaningful change. Now, I would love to hear your thoughts on this groundbreaking development. How do you think ESG reporting can transform the corporate landscape? Share your insights and let's foster a vibrant discussion on the importance of sustainability and responsible business practices. Together, let's shape a better future for our planet and future generations. 🌍💚 #ESG #Sustainability #ClimateAction #CorporateResponsibility #Innovation #WoltersKluwer #Tagetik References: [1] [데일리엔뉴스] '소비에 가치를 더하다' 안산시, 으쓱(ESG)마켓 개최: https://lnkd.in/daY8Hz_j [2] Human-Centered Artificial Intelligence: https://lnkd.in/dA97FBHW [3] Why Is ESG Reporting Important ?: https://lnkd.in/dPXgW7aw

As ESG regulations continue to advance, companies are staying ahead of the curve by creating new roles to simplify the transition. From ESG controller to climate scientist, learn which roles will play an important part in compliance in this evolving regulatory landscape. Not interested in expanding internally? Don't worry, Green Impact can be your sustainability director, ESG data manager, and compliance advisor all rolled into one! Learn more at www.greenimpacttech.com https://lnkd.in/grxivh7A

Developments in sustainability reporting this week: In the US, reports suggest the SEC may make scope 1 & 2 reporting voluntary and drop scope 3 reporting entirely. In the EU, the Corporate Sustainability Due Diligence Directive failed to get approval in the European Council. It will be interesting to see how these events influence the adoption of climate-related financial disclosure in Australia. #ESG #climatereporting #sustainabilityreporting

In Major Blow To Sustainability Advocates, SEC Poised To Make Climate Disclosure Optional Summary: In a significant shift, the U.S. Securities and Exchange Commission (SEC) is set to vote on the Climate Related Disclosure Standards (CRDS) on March 6, making it optional for publicly traded companies to disclose their greenhouse gas emissions. This decision diverges from the initial proposal which sought mandatory reporting, including detailed Scope 3 emissions, aligning with global sustainability reporting frameworks. The move has been interpreted as a setback for sustainability advocates, particularly as it contrasts with the European Union’s stringent Corporate Sustainability Reporting Directive (CSRD) and the International Sustainability Standards Board’s (ISSB) Sustainability Disclosure Standards, which advocate comprehensive environmental, social, and governance (ESG) disclosures. The SEC's potential scaling back on climate disclosure requirements reflects legal and regulatory challenges, notably around the authority to mandate disclosures from privately held companies. This development, coupled with the EU’s recent abandonment of the Corporate Sustainability Due Diligence Directive (CSDDD), marks a challenging day for sustainability efforts, raising questions about the future of mandatory climate reporting and its implications for investors and environmental transparency. #SEC #ClimateDisclosure #Sustainability #CRDS #ESG #EURegulations #CorporateSustainability