Greenhouse Update – 5 September 2007
In August, the Commonwealth Government introduced legislation to establish a national system for greenhouse and energy reporting by companies.
This is seen as a necessary prerequisite to the introduction of an emissions trading scheme.
The first reporting period will be the financial year commencing 1 July 2008. By this date, companies should have assessed whether they will be required to report under the legislation, and if so, have implemented systems for measuring their total greenhouse emissions and energy use.