Sustainability

Strategy, reporting and governance for a world that expects more.

Sustainability is no longer the domain of corporate affairs departments or annual report writers – it is a business-critical function that shapes access to capital, social licence to operate, regulatory relationships and the ability to attract and retain talent.

For Australian mining, resources and industrial companies, this shift has been accelerated by the introduction of mandatory climate-related financial disclosure under the Australian Sustainability Reporting Standards (ASRS), growing investor expectations for credible ESG data and governance and the publication of the GRI 14: Mining Sector Standard in 2024, which provides a comprehensive framework for sector-specific sustainability reporting.

RED OHMS Group’s sustainability practice helps organisations develop the strategy, governance structures, data systems and reporting frameworks needed to meet these expectations – and to use sustainability as a genuine driver of business improvement rather than a compliance burden. Our consultants bring experience across the mining, resources and industrial sectors and understand the practical challenges of embedding sustainability practice in operationally intensive organisations where the focus is understandably on production, safety and cost management.

Australia’s mandatory sustainability reporting regime is now in effect. Group 1 entities (large listed companies and entities with significant consolidated revenue, assets, or employees) commenced reporting for annual periods beginning 1 January 2025, with first reports expected in 2026. Group 2 and 3 entities follow in subsequent years. Whether your organisation is in scope for mandatory reporting or is responding to investor and supply chain expectations for voluntary disclosure, RED OHMS Group can help you prepare.

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Capabilities

Facilitated development of organisational sustainability strategies that identify material sustainability issues, set credible targets and objectives and align sustainability priorities with business strategy and stakeholder expectations. Includes analysis of peer and competitor positioning and engagement with internal stakeholders to build organisational ownership.

Structured assessments that evaluate both the financial materiality of sustainability topics to the organisation (risks and opportunities affecting financial performance) and the impact materiality of the organisation’s activities on people and the environment. Double materiality is the foundation of credible sustainability reporting under the GRI Standards and the European CSRD framework and is increasingly expected by sophisticated ESG-focused investors globally.

Preparation of ESG and sustainability reports aligned to relevant frameworks including GRI Standards (including GRI 14: Mining Sector 2024, applicable for reporting from 1 January 2026), AASB S2 (mandatory climate disclosures for in-scope Australian entities) and voluntary frameworks including TCFD, ISSB and the Minerals Council of Australia’s ESG reporting guidance. Data collection, gap analysis, assurance-readiness support and report preparation.

Design and review of sustainability governance frameworks including board and management oversight structures, sustainability committee terms of reference, performance measurement and incentive systems and sustainability risk integration into enterprise risk management. Independent sustainability audits and assurance-readiness assessments.

Tailored training programmes for board members, senior management and operational teams on sustainability obligations, ESG risk and opportunity management, sustainability reporting requirements and the integration of sustainability into day-to-day business decisions. Delivered as workshops, online modules, or embedded capability-building programmes.

FAQs

Financial materiality asks: which sustainability issues could affect our financial performance, cash flows, or position? Double materiality adds a second dimension: which of our activities, products, or relationships cause or contribute to significant impacts on people or the environment? Financial materiality is the basis of Australia’s AASB S2 (mandatory climate reporting) and the IFRS Sustainability Disclosure Standards. Double materiality is the foundation of the GRI Standards and the European CSRD framework. Mining companies reporting to a global investor base or participating in international supply chains are increasingly expected to engage with both dimensions. RED OHMS designs double materiality processes that are proportionate to your organisation’s size, capacity and stakeholder context.

In-scope entities under Australia’s mandatory climate reporting regime are those that prepare annual financial reports under Chapter 2M of the Corporations Act 2001 and meet two of three size thresholds: consolidated revenue of $500M or more, consolidated gross assets of $1B or more, or 500 or more employees. Group 1 entities (meeting these thresholds for at least two consecutive years as at 1 January 2025) are already in their first mandatory reporting period. Unlisted and smaller entities are not currently mandated but should monitor the regime’s extension over time. RED OHMS can advise on whether and when your organisation comes into scope.

GRI 14: Mining Sector 2024 is a sector-specific standard published by the Global Reporting Initiative that became available for use in 2024 and enters into effect for reporting periods beginning 1 January 2026. It identifies 25 material topics specific to the mining sector – covering biodiversity, water, community impacts, corruption, safety, emissions and workers – and provides sector-specific disclosure requirements that supplement the universal GRI Standards. Mining companies that use GRI Standards in their sustainability reporting are expected to apply GRI 14 for periods beginning from January 2026. RED OHMS can assess your current reporting against GRI 14 requirements and support the transition.