Learn
Emissions

Australia’s New Mandatory Climate-Related Financial Disclosures

Written by Fair Supply
April 4, 2024
5 min read
Contents
This is a headingThis is a heading

The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) was introduced last week and sets out the mandatory climate related financial disclosures aligned with the ISSB.  

To guide your organisations through the implications of these new laws, we have prepared a briefing focused on the requirements for these entities to address the risks and opportunities climate change presents.

This briefing lays out actionable strategies and month-by-month milestones to not only comply with the new regulations but also to enhance the caliber of your reporting. By embracing these early, your organisation can lead in transparency, strategy and risk management related to climate impact—transforming compliance into opportunity.

Take a proactive stance on climate disclosure, ensuring your organisation not only meets but exceeds the expectations set forth by this new regulatory framework.

‍

Share
Related articles
Australia’s New Mandatory Climate-Related Financial Disclosures
Read Report
Steering into the future: How Australia’s new sustainable finance strategy catalyses business innovation
Read Article
Learn
Emissions

Australia’s New Mandatory Climate-Related Financial Disclosures

Climate Compliance & Leadership = Future of Financial Disclosure

Unlock Report

Fill out the form to access the full report.
Overview

The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) was introduced last week and sets out the mandatory climate related financial disclosures aligned with the ISSB.  

To guide your organisations through the implications of these new laws, we have prepared a briefing focused on the requirements for these entities to address the risks and opportunities climate change presents.

This briefing lays out actionable strategies and month-by-month milestones to not only comply with the new regulations but also to enhance the caliber of your reporting. By embracing these early, your organisation can lead in transparency, strategy and risk management related to climate impact—transforming compliance into opportunity.

Take a proactive stance on climate disclosure, ensuring your organisation not only meets but exceeds the expectations set forth by this new regulatory framework.

‍

Key points:

‍

1. New reporting framework

Learn how the 2024 Treasury Laws Amendment mandates detailed climate risk and opportunity disclosures, aligning with global ISSB standards tailored for Australia.

‍

2. Disclosure requirement

Identify the specific criteria that mandate your company's disclosures, based on financial thresholds or employee numbers. Gain clear insights into the staggered reporting timelines across different entity groups, ensuring your organisation is both prepared and fully compliant.

‍

3. Actionable strategies for sustainability reporting

Delve into the newly introduced "sustainability report" requirement, combining climate statements with financial disclosures. Learn how to effectively communicate your governance, strategy, risk management and targets relating to climate change, including scope 1, 2, and eventually scope 3 greenhouse gas emissions.

‍

4. Regulatory guidance

Grasp the legal requirements, auditing processes and ASIC's oversight role to ensure your sustainability reports meet the new stringent standards, aligned with the reporting obligations set out in the ISSB.

‍

Share