When I did the Sumday intro course, I noted that data used for conversion factors comes from multiple different sources. Some comes from overseas, some is a few years old. This is not a criticism – it just depends on whats available. However Im just wondering if anyone has ever had any “push back” from assurance practitioners (or anyone else) about where they got their data from (e.g. “you’ve used data from Europe – this is not relevant for an Australian entity.”)

Following a successful passage through the Senate yesterday, on the 22nd of August, it’s all but guaranteed to pass - meaning Group A companies have 4 months until requirements kick in!

The bill now only awaits approval of the amendment in the House before its royal ascent.

The Australian Accounting Standards Board (AASB) is wrapping up the final touches on climate reporting standards this month as well, while the Australian Auditing and Assurance Board (AUASB) is working on assurance standards expected later this year too.

We've been saying it's coming for businesses in Australia... and it really is happening, soon!

With only 4 months left to go, what are you doing about it? How are you feeling about it?

We've got a few ideas on what might be good to do next week:

✅ Refresh on the context behind this legislation - blog here.

✅ Skim over the actual legislation (or get the highlighters out, go wild)

✅ Get across the jobs to be done for the GHG accounting requirements - start the introduction to carbon accounting course and the assurance course by signing in to the Academy.

Air New Zealand has announced this week they are dropping their 2030 emissions reduction target, citing delivery delays of fuel-efficient aircraft and high green fuel prices. They are the first airline to revise their emission targets. source

What do you think about Air New Zealand's decision to revise their target?

Vote with your emojis:

• 👍 I support the decision. Realistic and achievable goals are more important.

• 😢 I disagree with the decision. Companies should strive to meet their original commitments.

• 👏 This is a show of leadership.

• 😯 I have mixed feelings. It's understandable but still disappointing.

• 🙏 I need more information to form an opinion.

• ⭐ Companies should focus more on innovative solutions to meet their targets.

Please share your thoughts in the comments too!

The GHG Protocol published their Scope 3 Stakeholder Survey Responses recently.

Lindsay and I are starting a new series where we unpack those suggestions and look at what the pros and cons of each are 😊

First up in our series - we're chatting about the often criticised 💸 Spend-Based Calculation methods 💸

Catch the full interview here 🎦

What did you think about these suggestions? Are there any you agree or disagree with?

We're curious to hear what you think! Do let us know!

Stay tuned for Part 2 coming out soon, we'll be delving into what the feedback means for those magic numbers 🪄 Emission Factors 🪄