Mandatory Climate Reporting:
What Your Business Needs to Know
As the world intensifies its efforts to combat climate change, mandatory climate reporting is becoming a critical requirement for businesses. Sustainability reporting requirements will commence for the financial year starting on or after 1 January 2025, with reporting entities divided into three groups and their obligations phased in over three years. At Energus, we’re committed to supporting businesses in navigating these changes while integrating sustainable energy solutions into their operations.
What Is Mandatory Climate Reporting?
Mandatory climate reporting refers to the obligation for businesses to disclose their climate-related risks, opportunities, and carbon footprints. The aim is to ensure that investors, stakeholders, and regulators have access to reliable and consistent data to assess a company’s environmental impact and sustainability strategies.
Under s296A(1) of the Corporations Act 2001 (Corporations Act), the sustainability report for a financial year consists of:
the climate statements for the year;
any notes to the climate statements; and
the directors’ declaration about the statements and notes.
How Can Energus Help?
Energus provides tailored solar and battery solutions that help businesses achieve measurable carbon reductions, a key component of climate reporting. Here’s how we can assist:
Energy Assessments: Evaluate your current energy usage and identify areas for improvement.
Custom Solar & Battery Installations: Implement clean energy solutions to reduce emissions and energy costs.
Ongoing Monitoring & Reporting: Use our systems to track energy savings and emissions reductions, simplifying your climate disclosures.
Benefits of Proactive Compliance
By adopting renewable energy and embracing climate reporting requirements, your business can:
Reduce operational costs by cutting energy expenses.
Enhance your brand’s reputation as a sustainability leader.
Attract environmentally conscious investors and customers.
Mitigate risks associated with future regulatory changes.
Get Started Today
Energus is here to help your business transition to a sustainable future. With our expertise in solar and battery solutions, you can achieve your corporate sustainability compliance goals while contributing to a greener planet.
Contact us today to learn more about our services and how we can support your journey towards mandatory climate reporting readiness.
