The 2024 Annual update showcases the sector’s advancement towards achieving the five beef sustainability goals set in 2023. This update has been crafted in alignment with the Global Reporting Initiative (GRI) Standards.

The 2024 Annual Update has been prepared with reference to the Global Reporting Initiative (GRI) Standards, specifically the applications of GRI principles, general disclosures and material topics, as well as GRI 13: Sector Standard for Agriculture, Aquaculture and Fishing and the topics considered to be material by the Australian beef industry.
The reporting boundary covers the actions of the Australian beef value chain, including on-farm production, saleyards, feedlots, transport, processing, and live export.

The Australian Beef Sustainability Framework (ABSF) is an initiative of the Red Meat Advisory Council (RMAC) to reduce risks and leverage opportunities by managing what is most important to the Australian beef industry’s stakeholders, as identified in the materiality assessment undertaken in 2020 (Page 60). It shows the industry’s intent to be accountable and to accurately tell the story of the Australian beef industry.