News

Australia is making bold strides towards a greener future with the introduction of mandatory climate reporting, effective from 2025. Public and large private companies will be required to disclose their climate risks, opportunities, and Scope 1, 2, and 3 emissions, aligned with the International Sustainability Standards Board climate-related guidelines.

The reporting will be phased in as follows:

➡ From 1 January 2025: Large companies with over 500 employees, $500M+ in revenue, or $1B+ in assets, and asset owners with more than $5B in assets.
➡ From 1 July 2026: Medium-sized companies with over 250 employees, $200M+ in revenue, or $500M+ in assets.
➡ From 1 July 2027: Smaller companies with over 100 employees, $50M+ in revenue, or $25M+ in assets.

All companies will have an additional year to report on Scope 3 emissions. Final standards for disclosures and assurances will be set by Australian standard-setting bodies by the end of 2024.

At Orbit World Travel, we’re not waiting for mandates to act. We're actively integrating sustainable travel solutions into every aspect of our business and our clients' operations. Through our platform, Orbit Enterprise, we provide detailed carbon reporting, offering organisations clear insights into their travel-related emissions. These reports empower businesses to track their environmental impact and make informed decisions to meet sustainability targets.

If your organisation hasn’t started measuring its footprint yet and this new requirement impacts you, let’s talk - sales@orbittravel.au

We're here to help you get started on the path to compliance and sustainable business travel.