Any organisation that wants to report to a client as part of a sales process, voluntary disclosure under the CDP, set an SBT target, create a sustainability strategy, or achieve carbon neutrality status.
In addition certain company sizes and regions have mandated disclosures.
In Australia:Australia is moving toward mandatory and standardised climate reporting. At a national level, the Australian Treasury released two consultation papers, and in October, the Australian Accounting Standards Board (AASB) released an exposure draft for Australian Sustainability Reporting Standards (ASRS) which align closely with the ISSB’s
IFRS S1 and IFRS S2 standards.
Europe:
To prepare a CSRD report, companies need to complete double materiality assessments, collect vast amounts of sustainability data across business entities, and pass an independent audit. With reporting deadlines beginning in early 2025, the fastest, most scalable way to satisfy CSRD requirements is with software.
US:
Comply with CSRD if business is happening in EU, state specific laws such as California's, or if certain amount of revenue comes from federal contracts.
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