Date posted: 30/06/2023

S3E17: Sustainability reporting – what SMPs need to know

  Apple Podcast share logo Spotify Share logo google podcast

View transcript on podcast page

Climate-related disclosures, the impact on businesses and the role of accountants is front of mind right now. The International Sustainability Standards Board (ISSB) has released its first two standards: IFRS S1 General Requirements for the Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related disclosures. 

The standards establish a baseline of sustainability disclosures, enabling companies to provide decision-useful sustainability information to capital markets. 

So while the initial focus might be on the big end of town, there IS a crucial role for SMPs to play. 

This episode with Chartered Accountants ANZ Sustainability and Business Reform Leader Karen McWilliams FCA explains why smaller and medium sized practice Members should care and the impact heading their way. 

Sustainability offers a great opportunity for CA ANZ Members to support their clients and to build their knowledge in this space and wait until you see the resources. 

As promised, Gillian and Karen have compiled the list below. 

HELLO RESOURCES (!!): 

CA ANZ Media Release on the ISSB’s first two standards 

Action by SMEs is key to a more sustainable world 

New insights give small businesses practical sustainability tools 

New sustainability guide for not-for-profits and charities 

Australian Treasury consultation – climate-related financial disclosure: Second consultation

Practical guidance on preparing for the ISSB’s sustainability disclosure standards | CA ANZ (charteredaccountantsanz.com) 

Sustainability assurance – seize the opportunity 

CA ANZ launches Carbon Accounting FAQs 

Sustainability Roadmap - Chartered Accountants Worldwide

“Sustainability represents a great opportunity for our SMP Members to support their clients and to build their knowledge in this space. We’ve got plenty of resources and training out there and our news micro courses as well,” 
CA ANZ Sustainability and Business Reform Leader Karen McWilliams 
"Those smaller entities who are perhaps leading in this space, are already thinking about how they can measure and capture information such as their greenhouse gas emissions. So I think it’s starting to evolve,"
CA ANZ Sustainability and Business Reform Leader Karen McWilliams