As Australia enters a new era of mandatory climate-related financial disclosures, SMEs are increasingly a part of the conversation. While SMEs are not directly subject to reporting requirements under the Corporations Act 2001, they may be asked to provide greenhouse gas (GHG) emissions data to large businesses and government entities as part of supply chain transparency and sustainability initiatives.
Why SMEs should pay attention
Even though SMEs are not required to report, they may be asked to provide GHG data to support the disclosures of larger entities. This is especially relevant for SMEs in high-emitting sectors such as logistics and agriculture. Early engagement with sustainability reporting can offer competitive advantages in tenders and customer communications.
Information Guide
To support SMEs, CA ANZ has collaborated with us to create an information guide to assist SMEs understand how they fit within Australia’s climate-related financial disclosure system. This information guide can assist in taking steps to understand the value chain in which they operate in and the GHG emissions they produce in their business.
Use the free business resources in the guide to find out more and help calculate GHG emissions in your business.