Managing Financial Impacts and Reporting of Carbon Emissions: A guide for CFOs There is little doubt that Australia is heading towards a low carbon economy. The pricing of carbon emissions will impact organisations of all shapes and sizes either directly, through the requirement to purchase carbon pollution permits or indirectly through the supply chain. As the introduction of the proposed Carbon Pollution Reduction Scheme (CPRS) and requirements of the National Greenhouse and Energy (NGER) Act 2007 will impact organisations differently, the activities required of CFOs and their finance teams will also vary across different companies. However, there are four key areas all CFOs need to consider in response to the introduction of a price for carbon and associated reporting and compliance requirements. 1. Understanding the entity’s position in relation to the CPRS and NGER 2. Overview of the collection and processing of carbon emissions data 3. Managing the financial impacts 4. Overseeing reporting and assurance KPMG and the Group of 100 have released a new guide developed for CFOs and their finance teams. The guide identifies and discusses the practical implications of designing and implementing the necessary financial, reporting and compliance responses to a price for carbon emissions. View the media release Download the report