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Preparing for Mandatory Climate Reporting in Australia

Navigating the New Australian Sustainability Reporting Standards

Australia’s mandatory climate-related financial disclosures represent a new level of mandatory sustainability reporting. As companies prepare to adapt, many are seeking guidance on the best approach.

Key Features of the New Standards

Under the new standards, the sustainability report becomes a mandatory part of annual reporting. Companies have the flexibility to either integrate it with their existing report or reference it across multiple documents. While this flexibility enables tailored reporting strategies, it demands meticulous planning to ensure financial performance and sustainability information are communicated clearly and cohesively. This approach also enhances stakeholders’ and investors’ ability to compare a company’s performance with industry peers.

How FTI Consulting Can Help

We’ve developed a unique approach to help companies navigate these new requirements. Leveraging our expertise in sustainability, financial reporting, and communications, we provide comprehensive support, including:

Mapping reporting requirements: Identifying disclosure gaps and aligning with regulatory standards.
Practical reporting roadmaps: Offering benchmarking and strategic planning to create effective reporting structures.
Climate risk assessment, scenario modelling and transition pathways: Helping clients satisfy technical requirements of the standard and use results to create long-term value and enhance risk management
Reporting assessments and development: Ensuring alignment with industry best practices and providing clear and competitive communication.

We aim to help clients seamlessly integrate the new sustainability report into their existing reporting frameworks. By focusing on clarity and competitiveness, we facilitate sustainability disclosures that not only meet compliance but also help to position your company as a leader in transparent and effective reporting.

Click here for more information on FTI Consulting’s ESG & Sustainability services and how we can help.