Climate change and sustainability financial reporting is under increasing focus within the Australian regulatory landscape. Keeping up to date with evolving expectations around climate related risks and their impact on financial reporting can be challenging.
KPMG can help. Our Sustainability and Climate Change resource centre provides an overview of the changing regulatory landscape, helping you understand and consider how to report the impact of climate change in your financial report.
To find out how to prepare a sustainability report under Australian Sustainability Reporting Standards, refer to our guidance and resources Prepare for global and Australian sustainability standards or contact us.
Climate change reporting insights
Australian regulatory landscape and financial reporting trends for climate change and decarbonisation are continually evolving.
Our publications on climate reporting provide an overview of the Australian regulatory landscape, helping organisations communicate the impact of climate in Annual reports and financial statements.
Climate change reporting FAQs
Our FAQs help you to identify and address how climate change impacts your financial statements.
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- Cross-cutting
- Emissions schemes
- Assets
- Liabilities
- Capital & finance
- Disclosures
- Net-zero commitments | When do you recognise a liability and how do you tell a connected story?
- Has your public net-zero statement resulted in a constructive obligation? [Video]
- What are net-zero commitments and how do they impact financial reporting?
- When must a provision be recognised for climate related commitments? [Video]
- How can climate-related risks and strategic decisions impact financial statements?
- What is the accounting and financial reporting consideration for emissions and green schemes?
- How do you account for emissions or ‘green’ schemes?
- What are the key accounting considerations for carbon credits generated under voluntary schemes?
- How do voluntary green schemes work?
- What are the key accounting considerations for green schemes in the airline industry?
- What do companies need to consider when incorporating ESG measures into executive pay packages?
- Does an emissions scheme create an obligation? [Video]
- What is the impact of climate-related matters on impairment testing of non-current assets?
- What might a company that purchases carbon credits voluntarily need to consider?
- What’s the impact on useful lives and residual values of PP&E and intangible assets?
- What are the potential impacts on inventories?
Borrowers
- How do you account for different forms of government assistance?
- Do green bonds contain embedded derivatives?
- Do you have a lease of green technology?
- What are the potential impacts of leasing polluting assets?
- Do contracts between customers and wind farm operators contain leases? [Video]
Lenders
Climate reporting podcast series
How KPMG's climate change reporting services can help
Find out how KPMG Australia's sustainability and climate change reporting services can assist with your financial statement and sustainability reporting needs.
KPMG's Sustainability & Climate Change reporting specialists
To understand more about your financial reporting obligations regarding climate and its impact, contact us.
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