Are You Ready for Mandatory Scope 3 Emissions Reporting? Here’s What You Need to Know

Mandatory climate-related financial disclosures are here, and they’re reshaping how businesses manage and report emissions, including Scope 3—the often-overlooked emissions from your supply chain and waste streams.

Nationwide walks through what’s required, who’s impacted, and when do you need to act?

Here’s a quick guide:

• Who is affected? Large corporations, financial institutions, and entities in emissions-intensive sectors are required to report climate-related financial disclosures, including Scope 3 emissions.
• What’s included? Scope 3 emissions encompass indirect emissions from your value chain, such as waste management, transportation, and product life cycles. For many, waste management plays a significant role in these figures.
• When does it start? Compliance deadlines are phased, with high-emitting sectors and large businesses leading the way. Many businesses will need to begin their reporting in the next 12 to 24 months.
• Why does it matter? Beyond compliance, accurate reporting strengthens ESG credentials, improves transparency, and positions your business as a leader in sustainability.

Entities subject to mandatory climate-related financial disclosure would be phased in three groups, over a four-year period as set out in the table below.

The commencement date for Group 1 entities included in the exposure draft of the legislation is 1 July 2024.

Scope 3 emissions must be reported from an entity’s second reporting year onwards.

And that's exactly what Nationwide can assist with - providing the data you need to meet

An entity will be phased in on the basis of size or level of emissions. The table below sets out when entities must commence mandatory disclosure on the assumption they are required to prepare and lodge annual reports under Chapter 2M of the Corporations Act and they fall within one (or more) of the following three categories

How Nationwide Can Help

At Nationwide Waste Solutions, we specialize in helping businesses navigate these reporting obligations while reducing their environmental impact. Here’s how we do it:

• Comprehensive Reporting: We provide detailed, accurate data to simplify your Scope 3 emissions reporting process.
• Maximized Diversion from Landfill: Our tailored waste management plans help you reduce landfill waste and improve your sustainability metrics.
• Proactive Advice: Our team identifies opportunities to cut emissions and optimize waste practices across your operations.

Meeting Scope 3 obligations doesn’t have to be complicated. With Nationwide by your side, you’ll not only meet your reporting needs but take meaningful steps toward achieving zero waste.

Ready to lead the way in sustainability? Contact us today and start your journey with Nationwide Waste Solutions Australia .