Environmental, Social and Governance Compliance Framework Generator for Australia

An Environmental, Social and Governance Compliance Framework helps Australian organizations track and manage their impact across three key areas: environmental protection, social responsibility, and corporate governance. It's a structured approach that aligns with ASX Corporate Governance Principles and key regulations like the Modern Slavery Act 2018.

This framework guides companies to measure and report on specific targets - from carbon emissions and waste management to workplace diversity and board independence. It helps businesses meet their legal obligations while building trust with investors, customers, and regulators. Many ASX-listed companies use these frameworks to demonstrate their commitment to sustainable and ethical business practices.

Your organization needs an Environmental, Social and Governance Compliance Framework when expanding operations, seeking investment, or facing increased scrutiny from stakeholders. This becomes especially crucial for ASX-listed companies preparing sustainability reports, responding to modern slavery reporting requirements, or managing climate-related financial risks.

The framework proves invaluable during mergers and acquisitions, when entering new markets, or launching major projects with environmental impacts. It helps Australian businesses navigate regulatory requirements while demonstrating leadership in areas like Indigenous engagement, gender equality, and environmental stewardship. Many companies implement it before their annual reporting cycle or when updating their corporate strategy.

• Basic ESG Framework: Focuses on core compliance elements like emissions reporting, workplace safety, and board independence - ideal for small to medium enterprises starting their ESG journey
• Comprehensive ESG System: Includes detailed metrics, stakeholder engagement protocols, and supply chain monitoring - suited for ASX 200 companies
• Industry-Specific ESG Framework: Tailored to sectors like mining, financial services, or healthcare, with relevant regulatory requirements and industry benchmarks
• Integrated Management Framework: Combines ESG with existing risk management and compliance systems, particularly useful for regulated entities
• Reporting-Focused Framework: Structured around ASX guidelines and international reporting standards like GRI or TCFD

• Board Directors and Executives: Ultimately responsible for approving and overseeing the ESG framework, setting strategic direction, and ensuring compliance
• Sustainability Officers: Lead the development and implementation of the framework, coordinating across departments and tracking performance metrics
• Legal and Compliance Teams: Review and update the framework to meet ASX requirements, modern slavery laws, and other regulatory obligations
• External Auditors: Verify ESG reporting accuracy and framework effectiveness for stakeholder assurance
• Department Managers: Implement framework requirements within their areas, from HR to operations and procurement

• Current State Analysis: Review existing ESG practices, policies, and reporting across your organization
• Stakeholder Input: Gather feedback from department heads, investors, and key stakeholders on ESG priorities
• Regulatory Review: Compile relevant ASX guidelines, industry standards, and Australian legal requirements
• Data Systems Check: Assess your ability to measure and track ESG metrics reliably
• Resource Planning: Identify roles, responsibilities, and required resources for implementation
• Documentation Setup: Use our platform to generate a legally sound framework that includes all mandatory elements
• Internal Review: Circulate draft framework for feedback from key departments before finalization

• Scope and Purpose: Clear statement of framework objectives and organizational boundaries
• Environmental Metrics: Specific targets for emissions, waste, and resource use aligned with Australian standards
• Social Commitments: Modern slavery compliance, Indigenous engagement, and workplace safety policies
• Governance Structure: Board oversight, reporting lines, and compliance monitoring procedures
• Risk Management: ESG risk assessment methodology and mitigation strategies
• Reporting Framework: ASX-aligned disclosure requirements and reporting schedules
• Implementation Plan: Roles, responsibilities, and timeline for framework execution
• Review Mechanisms: Procedures for regular updates and effectiveness assessment

An Environmental, Social and Governance Compliance Framework differs significantly from a Enterprise Risk Management Framework in several key ways. While both support organizational governance, they serve distinct purposes and have different scopes.

• Primary Focus: ESG frameworks specifically target sustainability, social impact, and corporate governance, while Enterprise Risk frameworks concentrate on identifying and managing business risks across all operations
• Reporting Requirements: ESG frameworks align with ASX Corporate Governance Principles and international sustainability standards, whereas Enterprise Risk frameworks typically follow ISO 31000 and financial risk management standards
• Stakeholder Scope: ESG frameworks address a broader range of stakeholders including investors, community groups, and environmental regulators. Enterprise Risk frameworks primarily serve internal management and regulatory compliance
• Implementation Approach: ESG frameworks require ongoing measurement of specific sustainability metrics, while Enterprise Risk frameworks focus on risk assessment cycles and mitigation strategies