Exposure Draft ED SR1 Australian Sustainability Reporting Standards – Disclosure of Climate-Related Financial Information

NFF are opposed to the introduction of mandatory Scope 3 reporting. The NFF membership retains serious concerns over the necessity and scope of the [Draft] ASRS Standards developed by AASB. The NFF view is Government should not implement this policy for Scope 3 reporting for agriculture. If unavoidable, a formal Scope 3 emissions reporting requirement date beginning 2035 at the earliest should be implemented. Nevertheless, in recognition of the impending nature of this policy reform, NFF have provided several recommendations to ED SR1 to increase the relevance and adaptability of the proposed reform to the sector.

Read the full submission here.