The facts on greenhouse and energy reporting

Key Points

• The latest Institute climate change factsheet is now available
• It focuses on the National Greenhouse and Energy Reporting System.

The Institute has published its latest climate change factsheet for members. It deals with the potential impacts for Chartered Accountants of the National Greenhouse and Energy Reporting System. 
 
The factsheet is part of the Institute’s ongoing efforts to provide members with guidance and information on key environmental issues that affect the accounting profession.  
 
Read the factsheet here
 
Listen to a wide-ranging discussion about climate change, from both reporting and assurance perspectives

Background

Reporting greenhouse emissions will soon be now mandatory for certain entities, under the National Greenhouse and Energy Reporting System. Reports will be due by 31 October each year. Initially, entities with greenhouse emissions of 125,000 tonnes of carbon dioxide equivalent or more will be required to have reports audited. 
 
The National Greenhouse and Energy Reporting Act (the Act) introduces a single national reporting scheme for the reporting and dissemination of information about greenhouse gas emissions and requires corporations that meet the scheme’s threshold to report their greenhouse gas emissions. The scheme is designed to underpin the Carbon Pollution Reduction Scheme with the first reporting period being from 1 July 2008 - 30 June 2009. The reporting is to be facilitated through the National Greenhouse and Energy Reporting System.  

Article last updated 3 November 2010