Followed the Latest anual reportof AfterPay: https://www.annualreports.com/HostedData/AnnualReports/PDF/ASX_APT_2021.pdf?fbclid=IwZXh0bgNhZW0CMTAAAR1nKgl__uLsaA7fvJTVRDe14ylU7kmxfp6JjUROXSCPZDRbZqAnH4CnsQ8_aem_AcdM20XPTJi9wM4V-mJyJ3mGcvWyfV9mrMXp0USp1mwLXSx9cuo5hFwdtIWvcCBAXQIY0wjdi3REjb4YrBwewxCg Governments often absorb climate-related costs, with businesses making up much of the adverse climate impact due to greenhouse gas emissions. The Australian government has released an exposure draft of the Treasury Laws Amendment Bill 2024 to shift the focus from economic development to sustainable development, to make it mandatory and internationally aligned with climate-related disclosures. When in force, it would require all Commonwealth entities and companies to disclose climate-related financial opportunities and risks in their annual reports.

In June 2023, the International Sustainability Standards Board released its first IFRS- (International Financial Reporting Standards) related sustainability standards. They are for voluntary adoption and bring global harmonisation to sustainabilitydisclosure among those preparing general-purpose financial reports. Please make an essay with at least four academic journal references investigating the following items : 1) What is meant by Scope 1 emissions? 2) Identify and explain Scope 1 emissions found in the company. 3) IFRS S1 is about General Requirements for Disclosure of Sustainability-related Financial Information (https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/ifrs-s1-general-requirements/). State whether the firm has disclosed to meet standard requirements.