Improvements to climate-related financial disclosures considered
The Australian Government is consulting on changes to improve the efficiency of climate-related financial disclosures. The main proposals include:
- changing assurance rules to reduce compliance costs
- providing clearer guidance on key terms and concepts
- reducing the burden of information requests across supply chains.
The aim is to lower costs for businesses while still keeping reports high-quality, credible and comparable with other countries.
The government said it will sequence any changes introduced to avoid disruption. This recognises the work businesses have already done to prepare for sustainability reporting.
Responses can be submitted here.
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