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Cress Consulting’s latest newsletter is out now, featuring thought provoking articles on Climate Transparency, Modern Slavery – Preventing Exploitation, WGEA’s 2025 Gender Equity Insights, and more. Please click here to read the full newsletter-->https://lnkd.in/gsTF8uqa

On 15 September 2025, Australia’s first landmark National Climate Risk Assessment (NCRA) report developed by the Australian Climate Service was released. For the first time, the country has a consistent, national baseline of current and future climate change risks across Australia’s key systems. Click here to learn more-->https://lnkd.in/g35S9XBd

𝐓𝐡𝐞 𝐍𝐒𝐖 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐡𝐚𝐬 𝐨𝐩𝐞𝐧𝐞𝐝 𝐫𝐨𝐮𝐧𝐝 𝐭𝐰𝐨 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐞𝐭 𝐙𝐞𝐫𝐨 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐆𝐫𝐚𝐧𝐭. Eligible NSW businesses can access up to $25,000, covering 50% of the cost of net zero planning work. Applications close 30 November 2026, or earlier if funding is exhausted. Funding can support activities including 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐢𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐢𝐞𝐬, 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐫𝐢𝐬𝐤 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐫𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐚𝐫𝐠𝐞𝐭𝐬 — helping businesses prepare for mandatory climate reporting. To be eligible, businesses need to spend $200,000 a year on energy at a single NSW site, or $500,000 across multiple sites. 𝐂𝐫𝐞𝐬𝐬 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐲𝐨𝐮𝐫 𝐞𝐥𝐢𝐠𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐬𝐭𝐞𝐩𝐬. 𝐆𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐭𝐞𝐚𝐦 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞.

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚’𝐬 𝐍𝐞𝐰 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞: 𝐖𝐡𝐚𝐭 𝐈𝐭 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 The Australian Treasury has released new voluntary guidance on climate-related transition planning, providing organisations with a practical framework to turn climate ambitions into clear, commercially informed action. The guidance encourages businesses to bring together climate risk, emissions reduction, investment priorities and business strategy – considering not only what can be achieved, but what actions make the most sense financially and strategically. For organisations already measuring emissions and assessing climate risks, the focus is increasingly shifting from understanding the challenge to deciding what to do next. Click here to read more-->https://lnkd.in/g8gAecVF

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚’𝐬 𝐌𝐨𝐝𝐞𝐫𝐧 𝐒𝐥𝐚𝐯𝐞𝐫𝐲 𝐀𝐜𝐭 𝐈𝐬 𝐒𝐞𝐭 𝐭𝐨 𝐆𝐞𝐭 𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 Since its introduction in 2019, Australia’s Modern Slavery Act has focused largely on transparency, requiring businesses with more than $100 million in annual consolidated revenue to report on modern slavery risks in their operations and supply chains. Until now, however, there have been no penalties for failing to meet these reporting obligations. That could soon change. The Australian Government has proposed reforms that would introduce civil penalties for reporting non-compliance and a new criminal offence for companies that fail to prevent modern slavery within their operations and supply chains. For businesses, the shift is clear: modern slavery compliance may increasingly be about demonstrating meaningful action, not simply publishing a statement. Click here to read more-->https://lnkd.in/gvY7hrej

Extreme weather generated significant losses across Australia in 2025. Severe storms and hail events caused $4.8 billion in insured losses, and once broader economic costs are considered, the Insurance Council of Australia (ICA) estimates the total economic cost of extreme weather across the year is more than $8.6 billion. For Australian businesses, these events highlight the potential financial and operational impacts of physical climate risks, from damage to assets and infrastructure to disruptions across operations and supply chains. Understanding how exposure to these events, alongside the economic shifts associated with the low-carbon transition, is one of the key purposes of climate scenario analysis. While it is often framed primarily as a requirement of mandatory climate disclosures (AASB S2), it’s also a useful planning tool to help understand where action may be needed to strengthen resilience, manage risks, and identify opportunities. Click here to read more-->https://lnkd.in/gZ8jCZji