Mandatory climate reporting is here in Australia. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 introduces a framework for Australia’s first mandatory climate-related financial disclosure regime, which was passed in Parliament on 9 September 2024. From the beginning of 2025 major corporations in group 1 will have the responsibility to report on their own exposure to climate-related risks as well as various carbon impacts they have as an organisation. 

Mandatory reporting follows the release of Australia’s Sustainable Finance Roadmap in June this year, and the first round of public consultation on Australia’s Sustainable Finance Taxonomy.  

But what does mandatory climate-related financial disclosure mean for the construction industry? And how might this new disclosure regime drive embodied carbon reductions in industry across supply chains? 

In MECLA’s Spotlight on Mandatory Reporting and Embodied Carbon experts from across industry come together to discuss the reporting framework and the strategic implications it has on their business practices and approaches to scope 3 emissions. The conversation goes beyond compliance to interrogate how mandatory reporting could drive systems change within industry, and how corporations can make it actionable. 

Speakers:

• Darryl Stuckey – Head of Environmental Sustainability at Lendlease
• Mark Siebentritt – Executive Director at Edge Impact
• Monique Isenheim – Head of Market Development at Infrastructure Sustainability Council
• Jessica Richmond – CEO & Co-Founder of Sumday