What New Emissions Reporting Laws Mean for Producers

The Australian Government’s new climate-related financial disclosure laws are a big step toward greater transparency in how companies manage climate risks and impacts. While the laws initially target businesses with over $5 billion in assets, their reach will expand to medium-sized companies by 2026. But what do these regulations mean for producers?

Here’s the connection: large companies—including retailers and banks—must now report on their Scope 3 emissions, which cover the indirect emissions across their supply chain. This means they’ll need data from you, their suppliers and customers, to meet these requirements.

But here’s the silver lining: understanding and reducing your emissions isn’t just about ticking a compliance box.—it’s a business tool that can help improve efficiency and profitability. Plus, it’s possible that large companies looking to reduce their Scope 3 emissions will incentivise their suppliers and customers to adopt sustainable practices, meaning even more tangible benefits for emissions-conscious producers.

In short, taking steps now to measure and understand your emissions not only keeps you compliant but also positions you ahead of the curve as demand for sustainable products grows. Want to hear a bit more? Catch the 5-minute “deep dive” on this topic here.