find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
CEOs in the firing line for carbon reporting

CEOs in the firing line for carbon reporting

CEOs take note: you could be held personally liable, and face fines of up to $220,000 if your company’s IT systems don’t comply with greenhouse gas emissions reporting…

CEOs take note: you could be held personally liable, and face fines of up to $220,000 if your company’s IT systems don’t comply with greenhouse gas emissions reporting requirements.

Allens Arthur Robinson partner Niranjan Arasaratnam said that it is highly unusual for legislation to single out CEOs for personal liability, and many busy CEOs may still in the dark about the personal risks involved, despite the fact that companies are already required to measure their emissions.

“Also, normally management is fined a portion of the company’s penalty, but the National Greenhouse and Energy Reporting Act 2007 whacks the CEO with the full amount,” he added.

Arasaratnam believes that because of rapidly approaching reporting deadline of 31 October 2009, companies needing to implement reporting systems may be placed in a vulnerable position against suppliers. He emphasised, however, that a “robust procurement and contracting process” should be followed when purchasing and implementing reporting systems, to minimise the risks of a failed implementation.

“Some organisations may be able to cope just using spreadsheets, [but] others will need to procure specialised IT reporting systems and monitoring systems, including sensors and metering devices. It is critical that these IT systems produce accurate and timely reports of the required data,” he said.

A report released recently by Allens advised companies purchasing new reporting systems to ensure their contracts allow for flexibility – in terms of changes to the systems, specifications and performance requirements – to accommodate inevitable changes to the reporting requirements. The report also stated that contracts should also address how different vendors will co-operate to achieve the desired reporting outcomes, rather than adopting the “point the finger” approach typical of vendors.

>> For the latest news, views and analysis of issues affecting in-house lawyers, check out Lawyers Weekly's dedicated in-house site www.lawyersinhouse.com.au

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

CEOs in the firing line for carbon reporting
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...