Net Zero Newsletter – Updates On Our ASRS Course
As we approach the final stages of our Navigating the Australian Sustainability Reporting Standards (ASRS) course, marked by the recent release of Module 11 on climate risks, the team at 100% Renewables has been diligently refining every aspect to ensure you stay on top of recent developments in the market. On March 27, 2024, the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 was introduced in the House of Representatives. Schedule 4 of the bill introduces Australia’s new climate-related financial disclosure regime, impacting reporting requirements for organisations.
We have updated our ASRS course to reflect key changes to the draft legislation:
These updates are also reflected across all our YouTube videos and blog posts. ?
Since our last newsletter, we have also added the following new content to the course:
Hear from our participants:
In each edition of our newsletter, we will be sharing feedback from our participants to give you a sense of the experiences and outcomes from our course. This month, we feature a review from Daniella Mac Dowell, Sustainable Business Program Manager - CitySwitch and Better Business Partnership at North Sydney Council who recently completed the course:
For those who haven't had the chance to enrol in the course yet, we encourage you to do so now while it's still available for FREE. Please note that we may, in future, transition this course to a paid model. Don't miss out on this valuable opportunity to access the course content at no cost – enrol today and secure your spot.
?? Modules: 15 (11?are currently available)
??Cost:?FREE
Net Zero Training for Leaders Masterclass Series - Ipswich
Attention Queensland manufacturers! Join us for the third instalment of the exclusive Leadership Masterclass Series, set to take place in Ipswich on June 4, 2024. Presented by Manufacturing Skills Queensland and Ai Group, this series comes to you at NO COST.
Building on the success of our previous sessions in Brisbane and Townsville last March 11 and 12, this program is designed to equip you with actionable strategies and tools essential for thriving in today's manufacturing landscape. I will be facilitating the Net Zero Training module, where we'll go deep into the language, principles, and practical steps necessary for achieving net zero emissions.
Selected participants will also gain access to a one-to-one coaching program to further support their journey towards sustainability. Don’t miss out! REGISTER NOW and secure your spot today!
????Date:?Tuesday, 04 June 2024
???Time:?08:45 AM - 04:00 PM
?? Cost:?FREE
Other speaking engagement and workshops
Here are our upcoming engagements to look out for:
SBTi updates
Recent changes within the Science Based Targets initiative (SBTi) represent a turning point for companies committed to aligning their emissions reduction targets with the Paris Agreement’s goal to limit global warming to well below 2°C and to pursue efforts to limit the increase to 1.5°C above pre-industrial levels. In March, the SBTi revised the status of over 200 companies, including 17 from Australia, to ‘commitment removed’. Among these are major corporations such as Microsoft and Walmart, which represent a market capitalisation exceeding $4 trillion. This status update highlights the rigorous demands of the SBTi, particularly regarding Scope 3 emissions—those that occur indirectly upstream and downstream from a company's direct activities. These emissions are notoriously difficult to manage due to their complexity and the limited control companies have over them.
However, in a significant move last week, the SBTi announced that it proposes to allow “environmental attribute certificates”, including carbon offsets to abate certain Scope 3 emissions. This decision has stirred diverse reactions: while carbon market advocates applaud it as a step that could boost demand for offsets, some SBTi staff and advisors have voiced strong criticism, questioning the scientific basis of the decision and raising concerns about potential greenwashing. This development raises important questions about the balance between environmental integrity and economic realities. Many businesses struggle with Scope 3 reductions and are cautious about committing to SBTi's rigorous standards.
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As we continue to navigate these complex issues, we stress the importance of pulling all possible levers – reduce your Scope 1 and 2 emissions in the first instance, engage with your value chain to reduce Scope 3 emissions and invest in climate impact projects beyond your value chain. Make sure to select high-integrity carbon credits for mitigation beyond your value chain. ?
At the end of last year, we ran a webinar with Tasman Environmental Markets (TEM) on the importance of investing in high integrity carbon offsets to ensure additionality, permanence and avoidance of leakage and avoidance of double counting. Please revisit this webinar by listening to or watching our podcast as we break down? the intricacies of carbon offsetting and discuss a clear pathway for strategic carbon credit purchasing. ?
TEM offers a fast turnaround offsetting service that allows any company access to high quality carbon projects through their TEM Online platform. TEM’s project portfolio meets the Climate Active offset project requirements, with all orders retired on independent registries to verify your purchase. If you need support or technical assessment please reach out to us, or if you’re ready to offset check out TEM Online. ?
Meanwhile, SBTi will continue its work to define Scope 3 guardrails for use of carbon credits, which is expected to be published in July. Stay tuned for further updates on this front.?
More updates at 100% Renewables
Low Carbon Procurement Training Program
The Australian Sustainability Reporting Standards was our first cab off the rank in terms of our training courses. Next up, we will develop training on low carbon procurement. As we gear up for this upcoming training, we extend our gratitude to those who have already taken the time to participate in our survey.
For those who haven't had the chance yet, we encourage you to spare just 2 minutes to share your preferences for low carbon procurement training. Limited slots are still available for respondents, and as a token of appreciation, participants will receive an exclusive 50% discount voucher for the finalised training program. Your input is invaluable in shaping an enriching and tailored learning experience for all.
Webinar on net zero commitments by Australian states, local governments and communities 2024
Keep an eye out for our upcoming webinar highlighting Net Zero commitments from Australian states, local governments, and communities. At 100% Renewables, we've been diligently tracking the ambitious carbon reduction, net-zero, and renewable energy pledges made by Australian authorities and communities since 2014. Stay tuned for further details about the training program and webinar. For the latest updates, connect with me on LinkedIn. We look forward to sharing more exciting announcements with you soon!
New blog posts
The proposed Australian Sustainability Reporting Standards aren’t just a set of guidelines for the big players; they are a catalyst for a climate reporting shift throughout the economy. In this article, we're analysing the ASRS ripple effect and its transformative impact across all tiers of the business ecosystem...
This article breaks down the practical steps to ensure your company’s readiness for climate reporting, from understanding reporting obligations to committing to continuous improvement…
ASRS is revolutionising sustainability reporting, requiring transparent and thorough disclosure of climate-related financial information. This article analyses crafting an ASRS-compliant carbon footprint, emphasising greenhouse gas emissions disclosure mandates and providing actionable steps to follow the new mandatory climate disclosure standard… ?
In this article, we're analysing the critical considerations for identifying, managing and disclosing climate-related risks and opportunities under the mandatory climate legislation IFRS/ASRS. We'll explore the nuances of compliance with these standards, highlighting key elements to be mindful of when navigating the landscape of climate-related financial reporting...
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