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Sydney Branch

February tech talk: Mandatory sustainability reporting: Are you ready for 1 July 2024?

1
PD Hours
Join the Sydney Branch for their February tech talk: Mandatory sustainability reporting: Are you ready for 1 July 2024?

About this event

The Australian mining and minerals industry is entering a new era of sustainability reporting and climate disclosure requirements. It’s all in scope with new Australian legislation coming from 1 July 2024.

In October 2023, the Australian Accounting Standards Board (AASB) released Exposure Draft ED SR1 Australian Sustainability Reporting Standards - Disclosure of Climate-related Financial Information. These standards are internationally aligned to the International Sustainability Standards Board (ISSB) standards, IFRS S1 and IFRS S2, representing the biggest change to corporate reporting in Australia in decades, with the AASB proposing to apply the standards to annual reporting periods beginning on or after 1 July 2024.

Driven by the International Sustainability Standards Board (ISSB), leading European Union (EU) bodies, the U.S. Securities and Exchange Commission (SEC), National Greenhouse and Energy Reporting (NGER) administering the Safeguard Mechanism in Australia, new standards will require disclosures on sustainability indicators such as GHG emissions across Scopes 1, 2 and 3, water, energy, air quality, waste, hazardous materials, pollutants, nature-related risk factors, Product Carbon Footprint (PCF), Life Cycle Assessment (LCA) and TNFD impacts.

The need for periodic reporting in a machine-readable digital taxonomy, scenario analysis and forward-looking statements means that data-driven technology is the only solution to meet evolving compliance standards. Manual spreadsheets simply cannot capture or process the volumes of data needed to deliver immutable, unalterable and auditable sustainability reports.

This presentation will explain how to leverage your data using the latest digital technology to perform an asset-wide mass and energy balance, and deliver granular, finance grade reports across sustainability indicators. It also explains how metallurgical accounting, production accounting and sustainability reporting go hand in hand for the mining and minerals industry.

Sustainability reporting is rapidly elevating to be on equal footing with financial reporting in terms of accountability and priority. With the Australian Securities and Investments Commission (ASIC) already cracking down on greenwashing with strong civil penalties, shareholder activists demanding action by boards, and share prices and capital markets hinging on ESG credit ratings, the time to prepare is now.

Speaker/s

John Vagenas

FAusIMM
Managing Director – Metallurgical Systems
BE(Hons)
John is a process engineer with over 20 years’ experience in the mining and minerals industry. He has a Bachelor of Engineering (Hons.) in Industrial Chemistry from UNSW and has worked as a Company Director since 2006. He is the founder and Managing Director of three prominent industry organisations: Metallurgical Systems, Industrial Sustainability Solutions and Elemental Engineering (founded 2006) -a consulting firm that provides world-leading process simulation and design services to the minerals processing industry.

John is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and has also served as an Alternate Director of Austmine (October 2019 – Dec 2023). He supports and contributes to a range of industry events and publications. This has included presenting as keynote speaker for Metplant 2023, on global best practice metallurgical plant design and operating strategies, as well as AusIMM’s 2021 thought-leadership series and 2022 series on technology and decarbonisation.

John’s key areas of expertise include:
• Metallurgical accounting, production reporting and process optimisation – John is a subject matter expert and has consulted globally to some of the world’s most complex mining and minerals processes. He has built and tested hundreds of steady-state and dynamic process simulation models using his extensive knowledge across Ni, Cu, Co, Zn, Au, U, PGM’s, Li, Va to name a few.
• Digital transformation—he has practical and in-depth understanding of the technology challenges faced by the sector and what is required to ensure continued growth and profitability.
• Sustainability/ESG objectives - he has implemented ESG measurement and optimisation solutions for several of the world’s most successful mining and metals organisations and is actively working to fast-tracking the sector’s overall evolution in this area.
• Mining’s skills shortage - he believes strongly in the need to make mining more attractive to the next generation of talented workers, and currently facilitates a range of graduate/mentoring opportunities to support this.
Location

EY Sydney
200 George Street
Sydney NSW 2000

Wednesday, 21 February 2024
5.00pm – 8.00pm (UTC+11:00)

Sponsors
Sydney Branch Sponsors

Date and Time

Wednesday, 21 February 2024
5.00pm – 8.00pm (UTC+11:00)

Venue

EY Sydney
200 George Street
Sydney NSW 2000
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Cost

Members: Free
Non-Members: $20
1
PD HOURS
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