Climate change has the potential to bear upon a company’s position, strategies and prospects.  Directors are consequently obliged under the Corporations Act (s 180) to exercise care and diligence, and under S 299A to inlcude information in annual reports that shareholders require to make an informed assessment of the company’s financial position, business strategies and prospects (Baker & McKenzie, 2008).  Also, under the National Greenhouse and Energy Reporting Act (NGERS), participating businesses have an obligation to report greenhouse gas emissions, energy consumption and energy production from 1 July 2008.  Under the NGERS CEOs are obligated to ensure regular assessment of compliance, implementing recommendations and ensuring employees are aware of their record keeping and other obligations.

 For more information contact Carbon Consulting on 0414 555 864 or Richard at <rfj@carbonconsulting.com.au>