Mandatory Climate Reporting Support
Supporting organisations
in New Zealand, Australia,
and Hong Kong with mandatory climate-related disclosure regimes.
Aotearoa New Zealand mandatory reporting criteria:
Large listed companies (large meaning with a market capitalisation of more than $60 million); large registered banks, licensed insurers, credit unions, building societies, and managers of investment schemes (large meaning with more than $1 billion in assets) as specified in Part 7A of the Financial Markets Conduct Act 2013 are required to report to the New Zealand Climate Standards (NZ CS).
Australian mandatory
reporting criteria:
From 1 January 2025, many large Australian businesses and financial institutions will need to prepare annual sustainability reports containing mandatory climate-related financial disclosures.
It applies to all listed and unlisted companies that must file financial reports under Part 2M of the Corporations Act 2001.
Entities required to report under the regime are:
*National Greenhouse and Energy Reporting (NGER) Scheme:· Any ‘Controlling Corporations’ which meet the NGER Scheme publication threshold would be in Group 1, regardless of employee, assets or revenue· Remaining NGER reporting organisations below the publication thresholds would be in Group 2.
Hong Kong mandatory
reporting criteria:
Under the Hong Kong Stock Exchange (HKEX) listing rules, all companies with shares listed on either the Main Board or the Growth Enterprise Market (GEM) are required to comply with the mandatory ESG reporting framework.
This obligation applies to all listed issuers, regardless of their place of incorporation or where their primary business operations are located.
From Corporate Responsibility to Corporate Compliance
The landscape of corporate reporting is changing. Across the Asia-Pacific, mandatory climate disclosure requirements are now a reality, bringing new layers of complexity and scrutiny for boards and management teams.
Are you prepared for the mandatory climate reporting standards in New Zealand (XRB CS), Australia (AASB S2), and Hong Kong (HKEX ESG)?
Struggling to accurately assess and report on your value chain (Scope 3) emissions?
Concerned about meeting your board's expectations and avoiding the risks of greenwashing?
Navigating this new territory without expert guidance can expose your organisation to significant compliance gaps, investor scrutiny, and reputational risk.
Mandatory Reporting:
A Hidden Strategic Opportunity
At Lumen, we see mandatory climate disclosure as a powerful opportunity, not just an obligation.
Our mission is to guide you through a clear and efficient reporting process that ensures stress-free compliance while uncovering the strategic insights needed to build resilience, improve efficiency, and create enduring organisational value.
Examples of how this can happen in practice:
Reducing Operational Costs
The process of reporting on emissions from energy consumption forced a manufacturing firm to analyse performance at each facility, revealing one site was 35% less efficient (per unit of production) than its peers. This insight, previously hidden in a consolidated energy bill, allowed the company to undertake an energy audit that led to significant operational cost savings and reduced exposure to volatile energy prices.
Reducing Supply Chain Costs
While calculating its Scope 3 emissions, a manufacturer quantified the immense financial and environmental cost of its reliance on air freight. The data supported a strategic shift to slower, more carbon-efficient ocean freight, paired with an investment in local warehousing to hold a larger inventory buffer. This change not only cut transport emissions per unit but also slashed overall logistics costs by more than 50%, directly boosting profitability and supply chain resilience.
We offer a full suite of services to guide you from initial planning to a final, assurance-ready report.
-
Regulatory Gap Analysis: We benchmark your current sustainability reporting against the specific disclosure requirements for your market (NZ, Australia, or Hong Kong).
-
Carbon Footprinting: We provide a robust, assurance-ready calculation of your GHG emissions. This includes assessing and developing a reporting methodology for your indirect or value chain (Scope 3) emissions.
-
Climate Risks & Opportunities Assessments: We identify and assess your climate-related financial risks and opportunities, using TCFD/ISSB-aligned scenario analysis to quantify their impact on your business strategy and financial performance.
-
Metrics, Targets & Strategy: We assist in setting ambitious, yet achievable emissions reduction targets and help you develop a reduction strategy of potential initiatives to achieve them.
-
Full Report Drafting & Assurance Support: We manage the development of your disclosures from preparing your supporting evidence to communicating with auditors to ensure your assurance process is streamlined as possible.
Our Climate &
ESG Reporting Services
Climate regulations are not one-size-fits-all. Our team possesses deep, specific knowledge of the local nuances in each key market.
-
New Zealand: We guide clients through the specific requirements of the XRB's Aotearoa New Zealand Climate Standards (NZ CS 1, 2, and 3), ensuring full compliance with the Financial Markets Conduct Act.
-
Australia: We help companies subject to the new Australian Sustainability Reporting Standards (ASRS) — specifically, those required to lodge financial reports under Chapter 2M of the Corporations Act 2001 and NGER reporters — to meet the requirements of AASB S2.
-
Hong Kong: We have extensive experience with the HKEX's ESG Reporting Guide and its evolving TCFD-aligned requirements for listed companies, ensuring your disclosures meet stakeholder and regulatory expectations.
Specialised Expertise
In Your Market
-
Flexible Support at Any Stage:
Whether you are developing your first disclosures or looking to improve existing processes, we can support you at any point along your climate reporting journey. Our team can conduct a thorough gap analysis to identify specific gaps in your current reporting, helping you focus resources on the areas needing development to ensure you meet all mandatory requirements.
-
From Compliance to Value:
We go beyond just ticking boxes. We help you build internal capability, derive valuable strategic insights, and use your climate reporting to drive improvements in organisational performance.
-
Reduce Energy Costs & Emissions:
Uniquely, our support doesn't end with reporting. Our in-house expert energy engineers can help you identify and deliver tangible energy efficiency and electrification projects to act on your findings and reduce your emissions.
-
Pragmatic, Expert Guidance:
Our team of approved carbon verifiers and climate reporting specialists brings over 20 years of combined experience. We focus on what's practical and material for your business, delivering an efficient and robust outcome.
Why
Lumen?
Let's Connect
Discuss your needs with one of our mandatory reporting experts
Paul Farrelly
