Climate Reporting Has Arrived – Here’s What It Means for SMEs
Australia’s climate reporting framework is undergoing a significant transformation, with mandatory disclosure requirements for large entities in effect as of 1 January 2025. Reporting obligations for second phase reporting entities will come into scope from 1 July 2026, followed by smaller reporting entities from 1 July 2027.[1] While climate reporting laws[2] don’t directly apply to small and medium enterprises[3] (SME), the ripple effects are likely to be significant – and for some, game-changing. No Direct Obligation – But That’s Not the Whole Story SMEs are not directly subject to the […]