May 14, 2012 – RSM Bird Cameron, one of the largest mid-tier accounting firms in Australia, is urging businesses to start preparing now for the introduction of the carbon tax on July 1, 2012.
Tim Pittaway, principal, RSM Bird Cameron, said, “The task of transitioning to a low-carbon economy will place significant regulatory, market and reputational pressures on business.
“The main implication for management and boards is that carbon risks need to be integrated into decision-making and risk management processes throughout the organisation. Company directors need the skills and expertise to understand and respond to climate change-related risks.
“Businesses that do not manage carbon risks appropriately will fail to become compliant with emerging legislation or will not manage to collect quality emissions data or produce quality disclosure.”
The areas business should be considering in their strategies include:
* carbon risk management
* compliance audit with existing and future carbon legislation
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