Many red meat processors face increased requirements to annually report climate information under the Australian Sustainability Reporting Standard AASB S2 Climate-related disclosures.
Changes to the Corporations Act 2001 require companies to disclose climate risks and opportunities, how they are being managed as well as emission metrics and targets.
From extreme weather events and biosecurity challenges to heat stress in livestock and water scarcity, processors will need to make high-level judgements on what is contributing to their carbon footprint, what the financial impact is and where the opportunities for greenhouse gas abatement are.
To help red meat processors understand and meet these requirements, The Australian Meat Processor Corporation (AMPC) has released a new Climate Disclosures Guidance Document which explains the reporting requirements under 4 pillars:
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Governance
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Srategy
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Risk Management
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Metrics and Targets