Regulation: Australian Treasury Launches Consultation on Climate-Related Financial Disclosure

December 20, 2022

The Australian Treasury announced a consultation into proposed rules on climate-related financial disclosure, which will align with the International Sustainability Standards Board (“ISSB”) recommendations. The consultation, which “seeks initial views on key considerations for the design and implementation of standardised, internationally‑aligned requirements for disclosure of climate‑related financial risks and opportunities in Australia,” will be open for responses until February 17, 2023. The consultation also seeks views on relevant related matters, such as any required changes that need to be made to ensure financial reporting bodies “can keep pace with the expansion of international standard-setting priorities on climate and sustainability reporting.”

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