Climate reporting and offsetting your carbon emissions

Australia will introduce mandatory climate-related financial disclosures on 1 January 2025.

In April, large Australian companies were granted a six-month extension by the Federal Government to incorporate climate-related information in their financial reports.


Initially due to commence on 1 July this year, the disclosures are designed to mitigate climate risk and support broader decarbonisation efforts.


Our carbon market specialists can help you understand more about your disclosure obligations and offset are to abate emissions. 

Climate reporting around the world

There are a number of organisations that are responsible for climate-related disclosures around the world.

International Sustainability Standards Board (ISSB) is responsible for climate-related financial reporting and the IFRS Foundation monitors the progress of climate-related disclosures.


In Australia, the climate reporting standards and disclosure are set out in two key documents: 




Timeline for climate reporting in Australia

The roll out of climate reporting in Australia will be in three phases:

  • Group 1 from FY 24/25: >500 employees, >$1bn assets, >$500m revenue.
  • Group 2 from FY 26/27: >250 employees, >$500m assets, >$200m revenue.

  • Group 3 from FY 27/28: >100 employees, >$25m assets, >$50m revenue.


Our carbon market specialists can help you learn more about your disclosure obligations.

Offset hard to abate emissions

After you have mapped your emissions and fulfilled your mandatory climate reporting requirements, you may have to offset hard to abate emissions.

Our corporate solutions team can help you develop and manage your carbon credit portfolio so you can align it with your: 

  • Regulatory obligations 
  • Brand and business objectives
  • Sustainable Development Goals (SDGs) 
  • ESG requirements
  • Shareholder and stakeholder expectations