Climate-related disclosure draft offers exemptions for the first year of reporting

Amelia Sharman, XRB's director of sustainability reporting, said companies should consider the possibility of operating in a world that is 3 degrees warmer. (Photo: Supplied)

Dan Brunskill

Fri, 29 Jul 2022

Organisations required to make climate-related disclosures under new legislation will be given a one-year exemption from some reporting requirements. The industry has been concerned about how quickly the new standards will come into effect after being finalised in December. Speaking at a Kernel Wealth event earlier this month, MinterEllisonRuddWatts' founder Lloyd Kavanagh said some companies will have to start preparing the report immediately. “There is going to be almost no time for the first lot of companies with cal...

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