The introduction of mandatory climate reporting has transformed sustainability from a voluntary initiative into a boardroom priority. With Group 1 companies already reporting, and Group 2 and Group 3 organisations preparing to follow, more than 6,000 Australian organisations are expected to fall directly within the reporting regime. In addition, many thousands more businesses throughout their supply chains are now being asked to provide emissions, climate risk and sustainability data to customers, investors, lenders and regulators.

As a result, demand for climate reporting software, ESG data platforms, carbon accounting tools, assurance services, climate risk assessments, sustainable finance and governance solutions is growing rapidly. The Australian carbon accounting and climate reporting ecosystem is forecast to exceed US$1 billion annually by 2033, while demand for sustainability advisory, assurance, finance and risk management services continues to accelerate.

This is why Sustainability Business Live recognises Sustainability Reporting, Finance & Governance as one of the five key business imperatives shaping the future of Australian organisations.