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Scope 3 emissions: Building a resilient supply chain doesn’t happen overnight

The August profit reporting season was fruitful for Coles Group, which recorded a surge in revenue to post an annual profit to $1.1 billion, a 4.8% rise from the previous year. But the supermarket and retail giant also made another statement in August that was much less reported – its Scope 3 emissions supplier engagement target. It was a significant move by Coles, who stated they intend to set sustainability targets with at least 75 per cent of its suppliers over the next four years.

How the new change on the FBT tax is impacting the end users

In some workplaces it is common practice to provide employees a company car as a tool of trade, as part of their compensation, or to give the possibility to finance a novated lease. However, as workplaces and companies move their fleets to a greener alternative, an unintended consequence of this can be the increased employee’s tax liability.

Lirize Loots

Lirize is a Client Director in our Tax Advisory division with over 15 years of experience. She has experience working as a transfer pricing specialist, where she worked closely and collaboratively with the client teams across various areas of the business, to help clients proactively manage their transfer pricing risk and reporting obligations. Lirize joined […]

Terry Hoban

Terry has over 15 years’ experience as a Global Mobility professional and trusted cross-border tax advisor, supporting the movement of people between Australia, the US and around the world. He has a strong reputation for providing cross-border advice to high-net-worth individuals, with his expertise extending to voluntary disclosure and expatriation advice for US citizens, as […]

Jake Hadfield

Jake has over ten years’ experience working across a wide range of entities and sectors, including conducting statutory external audits for listed clients, large privately owned businesses, and servicing Not-for-Profit structures, such as large charities, school systems, member organisations and federal government agencies. Jake has achieved outstanding client outcomes by providing insightful recommendations on business […]

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