Sustainability Reporting (ESG)

Corporate Reporting Insights

BDO's monthly newsletter, Corporate Reporting Insights, keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.

• BDO publishes its 2023 Sustainability Report (November 2023)
• Greenhouse gas (GHG) Protocol – Measuring upstream Scope 3 emissions (November 2023)
• Guidance for keeping proper climate-related disclosure records (November 2023)
• Australian exporters could be impacted by carbon tariffs in Europe (November 2023)
• The intersection of cybersecurity and ESG: Safeguarding organisations in the digital age (November 2023)
• Inspiring Tomorrow - Case study: Intrepid Travel (November 2023)
• Towards net zero - Funding for renewables (November 2023)
• Q3 2023 sustainability reporting update (November 2023)
• Sustainability strategy and meeting your climate reporting requirements (November 2023)
• An update on Australia’s Sustainability Reporting Standards implementation (October 2023)
• Understanding your supply chain is a must for modern slavery reporting (October 2023)
• Have you performed your climate risk assessment? (October 2023)
• Greenhouse Gas (GHG) Protocol - Measuring Scope 2 emissions (October 2023)
• Greenhouse Gas (GHG) Protocol - Overview of Scope 3 emissions (October 2023)
• Managing your supply chain and Scope 3 emissions (October 2023)
• ISSB congratulates Task Force on Nature-related Financial Disclosures on finalised recommendations (October 2023)
• Five key takeaways from the ISSB’s Integrated Thinking & Reporting Conference (October 2023)
• GHG Protocol – Overview of the scopes of emissions (September 2023)
• GHG Protocol – Identify and measure Scope 1 emissions in five steps (September 2023)
• What mandatory sustainability reporting means for small businesses (September 2023)
• Proposed path to assurance over sustainability reporting (September 2023)
• TCFD - Modelling in practice (September 2023)
• Sustainability reporting - Four key considerations when starting out (September 2023)
• Delivering waste assets while minimising wasted time (September 2023)
• Inspiring tomorrow – Case Study: Australian Bay Lobsters (September 2023)
• Understand how new carbon credit tax rules will affect you (September 2023)
• Choosing a framework for reporting climate risks – IFRS S2 or TCFD? (August 2023)
• What does climate reporting mean for directors’ liability? (August 2023)
• Where you operate will drive your sustainability reporting journey (August 2023)
• GHG Protocol - setting organisational and operational boundaries (August 2023)
• IOSCO endorses International Sustainability Reporting Standards (August 2023)
• New global sustainability standards launched (July 2023)
• When will climate-related financial disclosure knock at your door? (July 2023)
• The evolving state of sustainability in Australia (July 2023)
• Inspiring tomorrow – Fonz Moto (July 2023)
• ACCU sales are now primary production income (July 2023)
• International Sustainability Reporting Standards Bulletin – ISSB issues IFRS S1 and IFRS S2 (July 2023)
• Inspiring Tomorrow – BDO clients leading the way (June 2023)
• Navigating the path to sustainable reporting: An overview of the GRI standards (June 2023)
• Draft delegated act released – significant modifications to European Sustainability Reporting Standards (June 2023)
• Taskforce for Climate-related Financial Disclosures (TCFD) Checklist (June 2023)
• Sustainability and ESG Perspective on Federal Budget (May 2023)
• Getting the Board on board for sustainability (May 2023)
• The four pillars of TCFD recommendations (May 2023)
• Shining a light on greenwashing (May 2023)
• Putting the ‘G’ in ESG – The importance of governance in your ESG journey (May 2023)
• Global sustainability reporting update – Q1 2023 (May 2023)
• Bridging the gap between climate and financial reporting (April 2023)
• Connectivity – The future of integrated reporting (April 2023)
• The reinvigoration of Australia’s safeguard mechanism (April 2023)
• Sustainable finance – Transforming financial relationships (April 2023)
• Concessional treatment of Australian Carbon Credit Units for primary producers (April 2023)
• ACCC lifts the lid on greenwashing (March 2023)
• Sustainability Leaders Summit | Transforming business for the better (March 2023)
• The resilient middle market – views on ESG (March 2023)
• What your business needs to consider when making an emissions reduction plan (March 2023)
• ESG and digitisation: an introduction to technology’s role in enabling ESG (March 2023)
• Case study: ESG-linked remuneration (February 2023)
• What Australian businesses need to know about the UNSDGs and WEF IBC framework (February 2023)
• Government consults on ‘Climate-related financial disclosure’ (February 2023)
• On the verge: Preparing for global sustainability standards (February 2023)
• The Greenhouse Gas Protocol at a glance (February 2023)
• Sustainability in Australian Manufacturing (February 2023)
• Decarbonisation - Why doing good for the planet is also good for business (December 2022)
• ESG: A global phenomenon treading new ground in 2022 (December 2022)
• ESG in construction: managing risks and driving profits (December 2022)
• Government looks to ‘empower the AASB to deliver sustainability standards’ (December 2022)
• EU reporting – CSRD requirements finalised and first batch of ESRS delivered to the European Commission (December 2022)
• The mindful shopping movement (December 2022)
• Introducing BDO’s 2022 Sustainability Report (November 2022)
• Sustainability reporting: a global quagmire (November 2022)
• Picking up steam: sustainability reporting is on the rise (November 2022)
• Q3 2022 Sustainability Reporting Update - International Sustainability Reporting Bulletin (November 2022)
• Influencers beware: Greenwashing police are stepping it up (October 2022)
• EU Corporate Sustainability Reporting Directive (CSRD) requirements as of October 2022 (October 2022)
• ESG data: You can’t manage what you don’t measure (September 2022)
• ESG Summit – Emerging ESG Themes (August 2022)
• What we can learn from the landmark ruling against the UK government on net zero (August 2022)
• Pulling it all together - delivering your ESG report (August 2022)
• Carbon credits: supplementing decarbonisation (August 2022)
• The growing regulatory expectation of ESG behaviour (July 2022)
• What the recent inclusion of nuclear energy and natural gas to the EU Taxonomy means for Australia (July 2022)
• The decarbonisation challenge (July 2022)
• Spotlight on: Three key sustainability themes to prepare for (July 2022)
• Q2 International Sustainability Reporting Update (July 2022)
• Measure to manage: Sustainability reporting (June 2022)
• Is FY23 the year of the sustainability report? (June 2022)
• Australian regulators are closing in on greenwashing (June 2022)
• What does the Federal Election mean for corporate sustainability plans? (June 2022)
• Sustainability at BDO (May 2022)
• AASB publishes Position Paper on extended external reporting (May 2022)
• EU’s proposed new Corporate Sustainability Reporting Directive could affect Australian entities (May 2022)
• Stakeholder engagement in the ESG process (April 2022)
• Sustainability reporting update for Q1 2022 (April 2022)
• ISSB publishes its first two exposure drafts on IFRS Sustainability Disclosure Standards (April 2022)
• Free training resources – Task Force on Climate-Related Financial Disclosures (TCFD) explained (April 2022)
• AASB adds sustainability reporting to its work plan (March 2022)
• Sustainability reporting - 10 questions boards and audit committees should be able to answer (February 2022)
• 31 December 2021 year-end sustainability reporting update (February 2022)
• Top five priorities for audit committees in 2022 (February 2022)
• International Sustainability Standards Board launched at COP 26 (November 2021)
• Five reasons​​ why mid-market businesses should care about ESG (October 2021)
• ​Net zero, ESG and sustainability reporting in the mining and energy industries (October 2021)
• ​BDO publishes a snapshot of sustainability reporting frameworks (October 2021)
• The first step towards a sustainability report (September 2021)
• Are you ready to lodge your first Reportable Payment Times Scheme Report?​ (September 2021)
• ESG is an investment driver for real estate and construction​ (August 2021)
• How climate change became a business issue worth reporting​ (June 2021)
• What is ESG and why is it important for your business? ​(May 2021)
• IFRS Foundation Trustees announce strategic direction for sustainability reporting​ (April 2021)
• ESG and the business case for dealing with climate change ​(March 2021)
• Effects of climate-related matters on financial statements (February 2021)
• Five organisations launch prototype climate-related financial disclosure standard (February 2021)
• IFRS Foundation announces ‘next steps’ for global sustainability standards​ (February 2021)​
• IFRS Foundation Trustees consider sustainability reporting (October 2020).

BDO Global Sustainability Resources

The following publications have been produced by the BDO Global IFRS group:

► Sustainability at a Glance

A high level overview of aspects of Sustainability Reporting

• Adoption of European Sustainability Reporting Standards (ESRS) Completed on 21 October 2023
• IFRS Sustainability Disclosure Standards as at 30 June 2023 (September 2023)
• European Sustainability Reporting Standards (ESRS) – based on the European Commission Delegated Act – 31 July 2023
• European Sustainability Reporting Standards (ESRS) – Draft ESRS 1 Climate Change
• The greenhouse gas protocol – Measuring Scope 1, 2 and 3 emissions.

► IFRS Bulletins

Practical information about the application of key aspects of IFRS, including industry specific guidance

• Effects of Climate-Related Matters on Financial Statements (IFRB 2020 14)
• IFRS Foundation Trustees consider sustainability reporting (IFRB 2020 13).

► International Sustainability Reporting Bulletins

• Q3 2023 Sustainability Reporting Update (ISRB 2023/05)
• Q2 2023 Sustainability Reporting Update (ISRB 2023/04)
• ISSB issues IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures  (ISRB 2023/03)
• Q1 2023 Sustainability reporting update (ISRB 2023/02)
• 31 December 2022 year-end sustainability reporting update (ISRB 2023 01)
• EU Reporting – CSRD requirements finalised and first batch of ESRS delivered to the European Commission (ISRB 2022/07)
• Q3 2022 sustainability reporting update (ISRB 2022/06)
• Q2 2022 sustainability reporting update (ISRB 2022/04)
• EU Sustainability Reporting - Comparison of Draft CSRD to NFRD Requirements - as of April 2022 (ISRB 2022/03)
• Q1 2022 sustainability reporting update (ISRB 2022/02)
• 10 Questions boards should know the answer to
• 31 December 2021 year-end sustainability reporting update (ISRB 2022/01)
• International Sustainability Standards Board (ISSB) formed and prototype sustainability standards released​ (ISSB 2021/01).

Webinars

BDO Australia conducts monthly complimentary webinars as an easy way to stay up to date with corporate reporting developments. Recent webinars on this topic include:

• GHG Protocol - Measuring scope 3 emissions – Part 1 (October 2023)
• GHG Protocol - Measuring scope 2 emissions (September 2023)
• GHG Protocol - Measuring scope 1 emissions (August 2023)
• GHG Protocol – Setting the organisational and operational boundaries (July 2023)
• Approaching 30 June and your sustainability report (June 2023)
• How to implement the TCFD disclosures in your 30 June 2023 financial statements? (June 2023)
• Sustainability Spotlight: GRI Standards (May 2023)
• Getting the Board on board – the business case for sustainability (April 2023)
• What does IFRS S2 mean for Australian entities/organisations? (April 2023)
• What does IFRS S1 mean for Australian entities/organisations? (March 2023)
• Sustainability spotlight: TCFD and ISSB (March 2023)
• How to incorporate sustainability and ESG information in your financial report? (February 2023)
• Addressing your carbon footprint (February 2023)
• Sustainability spotlight: UNSDGs and WEF IBC  (January 2023)
• ESG due diligence (December 2022)
• ESG-linked remuneration (November 2022)
• Decarbonisation 101 (October 2022)
• Assurance over your ESG report (August 2022)
• Preparing and finalising your sustainability report (July 2022)
• Calculate your ESG maturity (June 2022)
• Materiality assessments and stakeholder engagement (May 2022)
• Establish a roadmap and start the current state assessment (April 2022)
• Demystifying the ESG process (March 2022)
• Interaction between financial statements and sustainability (ESG) reports (February 2022).

Online training resources

Improve your knowledge of sustainability reporting by reviewing our complimentary eLearning courses:

• Task Force on Climate-Related Financial Disclosures (TCFD) explained.