Section 24: Climate change obligations of private entities.

(1) Any private entity with employees numbering 50 and above, shall-
(a) put in place measures to achieve the annual carbon emission reduction targets in line with the Action Plan; and
(b) designate a Climate Change Officer or an Environmental Sustainability Officer, who shall submit to the Secretariat, through the State Director, annual reports on the entity's efforts at meeting its carbon emission reduction and climate adaptation plan.
(2) A private entity that fails to meet its target, as specified under subsection (1) shall be liable to a fine to be determined by the Council, relying on a system of Environmental Economic Accounting with attention on the health impacts, impact on climate variation, and total damage to ecosystem services.
(3) Notwithstanding the provisions in this Act, the Council may by notice the Federal Government Gazette, require a private entity under this Act-
(a) to prepare reports on the status of its performance of its climate change obligations, and prescribe the period for reporting; or
(b) who fails to comply with its climate change obligations, to prepare a report within a specified time, on its past and current actions, and future actions to be taken to secure future performance with those obligations.