Installing an EV charger can provide numerous environmental, social, and governance benefits. With the new ESG reporting requirements in Australia, a workplace EV charger may directly improve your company’s ESG rating.
Here, we’ll look at the new ESG reporting regulations and how installing an EV charger can benefit your business.
What Are the New ESG Reporting Requirements in Australia?
Previously, ESG compliance was mostly voluntary. However, new ESG reporting changes will be affecting many Australian businesses.
As of 1 January 2025, new federal ESG reporting regulations took effect. This new legislation mandates ESG reporting for large businesses in Australia.
ESG refers to:
- Environmental: A company’s environmental stewardship, dealing with issues such as greenhouse gas emissions and water usage.
- Social: How a company treats its staff and customers and how it promotes fair labor and diversity in the workplace.
- Governance: Refers to a company’s governance, such as donations, lobbying, tax strategy, and board diversity.
Who Do the Changes Affect?
Mandatory ESG reporting is now required for companies that meet two or more of the Australian thresholds:
- An annual revenue of $500 million or higher
- Gross assets of $1 billion or more
- 500 or more employees
Mandatory reporting is also generally required for all ASX-listed companies. We recommend this resource to learn more: ESG Reporting Requirements 2025 and Beyond: What Large Energy Users Need to Know – Melbourne Energy Group.
ESG Benefits of Installing EV Chargers for Businesses
Here are the ESG benefits of installing EV chargers for businesses, broken down by sector:
Environmental Benefits of EV Chargers for Businesses
- Reduced Carbon Footprint: The installation of EV chargers for businesses can reduce a company’s greenhouse gas emissions. Supporting the adoption of EVs demonstrates a company’s commitment to eco-friendly innovation and resource efficiency.
- Better Local Air Quality: Workplace EV charging stations can promote higher usage of EVs among staff and customers. Fewer diesel and petrol-powered vehicles on site can reduce local air pollution.
- Clean Energy Promotion: Workplace EV chargers can enhance a company’s environmental credentials and promote clean energy usage.
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Social Benefits of EV Chargers for Businesses
- Support Community Sustainability: Supporting EV adoption signals to other businesses that you are committed to community sustainability. This can encourage other companies to follow suit. Installing workplace EV chargers also contributes to community efforts to eco-friendly practices and reduced emissions.
- Demonstrate Social Responsibility: The implementation of EV charging infrastructure demonstrates a company’s commitment to reducing fossil fuel reliance and supporting sustainability.
- Happier Employees: EV installation in the workplace can directly support employee satisfaction and engagement. It signals a dedication to your staff to your employees, and the surrounding community.
- Better Customer Experience: EV charging can also lead to a better experience for customers, especially in the hospitality, service, and retail sectors. This demonstrates your commitment and devotion to your customers.
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Governance Benefits of EV Chargers for Businesses
- Showcasing Board Expertise: Installing workplace EV chargers illustrates a knowledgeable, environmentally-conscious board of directors and responsible corporate oversight.
- Demonstrating Ethical Leadership: Investing in EV charging infrastructure in the workplace demonstrates social responsibility and ethical leadership.
- Risk Mitigation: Investing in EV infrastructure demonstrates a company’s willingness to address environmental impact and climate-related risks.
- Compliance with Regulatory and Legal Requirements: With evolving regulations surrounding sustainability and ESG reporting in Australia, taking proactive steps is important. Installing workplace EV charging stations demonstrates a willingness to prepare for or meet any future regulations.
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Why ESG Reporting Is Important for Australian Businesses
ESG reporting is gaining momentum across the globe, including in Australia. ESG reporting involves demonstrating the steps a business takes to manage its social responsibilities, governance practices, and impact on the environment.
Regulators, consumers, and investors all look to ESG reporting as an important representation of a company.
Along with staying compliant with the new Australian regulations, ESG reporting is vital to a company’s:
- Community and brand image
- Environmental impact
- Long-term sustainability efforts and initiatives
- Social responsibility
- Commitment to staff and visitors
How EV Charger Installation Can Help You with ESG for Australian Businesses
Installing workplace EV chargers is a direct way to move toward sustainable goals, enhance social responsibility, and reduce greenhouse gas emissions.
Since carbon emissions play a large role in a company’s ESG score, installing EV chargers can directly improve your ESG rating.
Ready to take proactive steps in improving your company’s ESG strategy? Find out more about how EV charger installation can help improve your company’s ESG score. Whether you’re ready to install workplace charging EV stations or just want some information, our experts are here to help.
Enquire today to chat with us about how EV charging and ESG reporting go hand in hand.
