ASRS Part 14B: Step-by-step guide on how to develop effective climate metrics and targets under ASRS

Hi! I am Barbara Albert, the Co-CEO of 100% Renewables, a consultancy specialising in the development of net-zero strategies.
Welcome back to our ASRS series! Today, we're diving into the step-by-step guide on how to develop effective climate metrics and targets under the Australian Sustainability Reporting Standards.
Step 1: Setting impactful climate targets begins with a clear understanding of your current emissions across all three scopes. Establishing a baseline is crucial because you can’t manage what you don’t measure. For a deeper dive into developing an ASRS-compliant carbon footprint, check out Part 10 of our video series.
Step 2: Choosing the right metrics: Select metrics that align with climate factors affecting your business. Key metrics include:
• Greenhouse gas emissions: Track emissions across scopes 1, 2, and 3.
• Energy usage: Monitor efficiency and energy sources.
• Water and waste management: Measure reduction, recycling, and reuse strategies.
Balance leading and lagging indicators for current and future insights, and distinguish between absolute and intensity metrics.
Step 3: Developing SMART Targets: Effective climate targets are:
• Specific: Clearly defined objectives.
• Measurable: Quantifiable progress indicators linked to your metrics.
• Achievable: Realistic and attainable with interim targets.
• Relevant: Directly related to your business goals.
• Time-bound: Include deadlines and a base period.
ASRS mandates disclosing how international climate agreements shape your targets. Though not compulsory, aligning with climate science is considered best practice. Targets should be dynamic, requiring regular review and adjustment.
Integrating Climate Metrics and Targets:
To ensure metrics and targets are woven into your business strategy, focus on:
• Governance and oversight: Board oversight for prioritising climate targets.
• Strategic integration: Incorporating climate risks into your risk management framework.
• Risk management: Adapting strategies to mitigate climate impacts.
• Investment decisions: Aligning investments to contribute to climate objectives.
Learn how to weave climate action into every part of your business strategy and achieve meaningful, ASRS-compliant targets.
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🔗 Check out our related blog post for detailed information: 100percentrene...
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ASRS Complimentary Course
In our ongoing dedication to assist businesses in their sustainability endeavours, we’ve revamped this multi-part blog and video series into a complimentary online course. Alongside the video content, the course offers additional resources and quizzes designed to enhance your comprehension of the ASRS.
Kickstart your journey towards mastering the ASRS. Join now by following this link: 100re.thinkifi...
About 100% Renewables:
100% Renewables is a national consultancy specialising in the development of net zero, carbon neutral and climate positive strategies. We work with large energy-using businesses and government organisations with ambitious climate action goals.
In addition to delivering net zero strategies and helping our clients achieve carbon neutrality under Climate Active, our other services are climate risk and TCFD reporting, carbon footprinting, science-based target setting, value chain emissions and low-carbon procurement, and creating training courses and guides.
We are a leader in sustainability communication through our training courses, our “Driving Net Profit with Zero Emissions” podcast and videos, and through our blog posts and monthly newsletters.
Connect with me:
E-mail: [e-mail]
Linkedin: / barbaraalbert100
Connect with 100% Renewables:
Visit our website: 100percentrene...
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Follow us on Facebook: @100PercentRenewablesPtyLtd
Follow us on Twitter: @100pcRenewables
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