CMI welcomes the launch of a new initiative that seeks to increase transparency on companies’ performance against their emissions reduction and renewable energy targets.
Under the initial pilot phase launched today, the Clean Energy Regulator’s Corporate Emissions Reduction Transparency (CERT) report will now allow companies who report under the National Greenhouse and Energy Reporting (NGER) to opt-in for CERT submissions until 30 January 2022.
CMI will continue to work with its members to ensure the CERT report enhances and supports market transparency and integrity, and effectively highlights the important emissions reduction activities being undertaken across industry. As a member of the CER’s CERT reference group, CMI’s CEO John Connor has been part of the industry co-design process and will continue to play an important industry role in the evaluation of the CERT pilot and its further development.
The following is attributable to CMI CEO John Connor:
“CERT provides an avenue for improved disclosure practices by some of Australia’s largest emitters. It specifically allows a more consistent approach for reporting on areas including annual progress against voluntary emissions reduction targets, renewable energy use, and voluntary market engagement with specific details on the surrender of carbon credits; including ACCUs and other eligible international units.”
“CMI is pleased to see a number of its members which are already reporting under the National Greenhouse and Energy Reporting (NGER) scheme opt-in to participate in the CERT’s initial pilot phase.”
The CERT Pilot Guidelines are available here. The first CERT report will be released in Q2 2022.
The Carbon Market Institute is the independent industry association for business leading the transition to net zero emissions. Its over 120 members include primary producers, carbon project developers, Indigenous corporations, legal and advisory services, insurers, banks and emission intensive industries developing decarbonisation and offset strategies.
To interview John Connor please contact Thomas Hann on 0408880536 or via thomas.hann@carbonmarketinstitute.org
