In Australia There Is a Specific Requirement for Reporting Entities

In Australia there is a specific requirement for reporting entities in the extractive industries to disclose:

A) information about the potential environmental impacts on protected species (as specified by state Environmental Protection Authorities) of any proposed or current extraction activities. The information is to be provided by category of protected species and verified by independent auditors.
B) information about the amount of restoration obligations recognised as a liability in their financial reports and the accounting methods adopted in determining the liability for restoration.
C) provisions for the reconstruction of environments damaged through mining processes. The disclosure should include costs measured using present value and take into account the local Environmental Protection Agency's requirements regarding the state to which the area should be returned on the completion of extraction of the minerals.
D) information about the environmental and social impacts of their operations, which are often in small local communities isolated from other sources of employment and revenue generation. The information to be provided includes average salary levels, training and education opportunities provided, health and safety procedures as well as disclosures about the cost of restoring the environment back to its original condition on completion of mining.

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