The Clean Energy Regulator (CER) has released new guidelines enabling large greenhouse gas emitting companies to get value from being accountable and transparent.
The Corporate Emissions Reduction Transparency (CERT) program, known as CERT, is for large companies and emitters to disclose their progress towards meeting their renewable and emissions targets. The CERT will promote company commitments and practices, and be consistent with market developments concerning good Environmental, Social and Government (ESG) practice.
Recent research in a KPMG report, “ Looking Ahead ESG 2030 Predictions” highlighted the ESG movement and momentum. The report outlined that 65% of international dealmakers believe ESG is a key consideration when making investments and in mergers and acquisition decisions, a clear indicator of the universal impacts of good ESG practice and potential of the CERT pilot scheme.
In this phase of the CERT, companies that comply through National Greenhouse and Energy Reporting can disclose targets and progress in;
> Switching to renewable energy
>Reducing operational greenhouse gas emissions
>Their use of carbon units such as ACCUs, various international carbon units and use of large-scale generation certificate
The pilot phase application period is open from now until January 30, 2022. The CER predicts that future versions of the CERT may allow for non NGER reporters to be involved with the scheme, and may evolve into an important tool to compare business involvement in the voluntary carbon market. For now, companies that participate in the CERT report will be viewed as leading the way in providing a clear picture of actions and performance to reduce their emissions.