Climate - Disclosures Summary Guidance for Red Meat Processors

Recent changes to the Corporations Act 2001 require certain red meat processors to include climate-related disclosures within their annual report. These disclosures may include how the business is managing climate risks and opportunities; potential financial impacts; and quantified greenhouse gas emissions (scope 1, 2 and 3). The requirements are being phased in between 2025 and 2027 and will affect different processors depending on their revenue, assets and number of employees.
To help processors understand and comply with these incoming regulatory requirements, AMPC engaged consultants GHD Pty. Ltd. to produce a Climate Disclosure Guidance Document (and summary version).

The project also included a gap analysis of climate information available to red meat processors, supported by the Australian Government through funding from the Carbon Farming Outreach Program. The gap analysis can be used by processors to understand what information is publicly available to inform ASRS climate-related financial disclosures, including climate scenario analysis and scope 3 emissions reporting. The gap analysis report evaluates the availability, quality and relevance of that data and identifies priority actions to strengthen sector readiness.