The LSRS, which comes into effect 1 January 2027, will reshape how companies measure and report emissions and removals from land-based activities.
The new accounting requirements will present significant implications to the palm oil sector, with land use change (LUC), frequently the largest component. Changes to the accounting of the LUC, traceability, and carbon removals under the LSRS could materially affect reported emissions, the comparability of historical baselines, and the assessment of progress against climate commitments. Organisations that act early to align strategy, operations, and disclosures will be best placed to maintain credibility and enhance market confidence.
Find out how stakeholders can navigate the transition and address evolving regulatory and assurance expectations.
Untangling the Land Sector and Removals Standard (LSRS)
Implications for palm oil companies
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