GUEST OPINION: With increased regulation to mitigate the impacts of climate change amid a growing societal demand for companies to step up on sustainability practices, the Australian Accounting Standard Board (AASB) has laid out the reporting standards for companies to disclose information about all sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows. As of 1 January 2025, the AASB mandates carbon emissions reporting for Australian companies.
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