Sustainability reporting update

This year, the International Sustainability Standards Board (ISSB) issued two sustainability reporting standards, IFRS S1 and IFRS S2, relating to sustainability disclosure. Locally, The Treasury of the Australian Government has carried out consultation on climate-related financial disclosure. Based on these consultation papers, climate-related disclosure is likely to become mandatory, with mandated reporting potentially commencing for the largest entities from 2024/25 onwards. At this stage, RFF is likely to be part of cohort 3 (2027/2028) for mandatory reporting.
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As part of the FY22 Annual Report RFM presented how climate-related risks and opportunities were considered using the Taskforce on Climate related Financial Disclosure framework. During FY23, further progress towards aligning with sustainability reporting frameworks by establishing emissions and updating policies and procedures.
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RFM will continue towards alignment with evolving sustainability reporting requirements.

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