INTELLIGENT BRANDS // Green Technology

New International Financial Reporting Standards and the Australian Sustainability Reporting Standards mandate sustainability and climate-related reporting and disclosure .

requirements . It ’ s pleasing to see many companies are already on the journey by making voluntary disclosures , and with mandatory reporting imminent , we encourage all businesses to ensure they ’ re prepared .”

For Australia ’ s largest listed and unlisted companies and financial institutions , the new International Financial Reporting Standards ( IFRS ) and the Australian Sustainability Reporting Standards ( ASRS ) are mandating sustainability and climate-related reporting and disclosure . This will initially impact large enterprises before eventually being required by all Australian businesses . the impacts of climate change and support the transition towards a net zero future . The new disclosure obligations usher in a new era of sustainability and transparency around the globe .

Encompassing governance , strategy , risk management and metrics and targets , organisations will need to update more than their financial reporting . Compliance relies on upskilling .”

RMIT Online and Deloitte previously collaborated on a Sustainability and Social Impact Future Skills short course in 2022 .

Darren Gerber ,

Global Risk Advisory Sustainability and Climate Leader , Deloitte , said : “ The standards have a deep focus on responses to strategic risks and opportunities . It is important that organisations do not see it as a disclosure standard alone , but rather see the opportunity to enhance the resilience of their strategies and risk frameworks through the process .”

Offered as both synchronous and asynchronous cohorts , the course , credentialed by RMIT University , provides weekly webinars and touchpoints with local and global industry subject matter experts .

Co-created and co-delivered by RMIT Online and Deloitte Sustainability and climaterelated financial reporting : ISSB , ASRS and beyond is designed to equip professionals with the skills and knowledge to disclose their sustainability and climate-related financial reporting on behalf of their organisations .

Nic Cola , CEO , RMIT Online , said : “ The topics of sustainability and climate change have been gaining momentum for a number of years as businesses adapt to

Joanne Gorton , Managing Partner of Audit and Assurance , Deloitte , said : “ The new standards require climate performance to be explicitly considered in financial reporting for the first time . This comprehensive course provides financial , sustainability and risk professionals with an understanding of how to integrate sustainability and climate-related assessments into the finance function .”

“ At Deloitte , we ’ re committed to helping businesses get ready to meet the proposed

RMIT Online was created by RMIT University to provide a world-class digital learning experience at the nexus of business , design , and technology , leaning into future of work needs to equip students with in-demand skills and qualifications .

RMIT Online teams up with industry thought leaders and experts to deliver the best in flexible education using the latest digital tools and technologies for a highly interactive , virtual cohort experience . p

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