Treasury consulted on a proposal to mandate climate-related disclosures in Australia. In RIAA’s view, the key priorities for the new disclosures regime should be:
– alignment with the International Sustainability Standards Board (ISSB), and adapting to Australia with a building-block approach,
– a fit-for purpose regulatory framework that can be expanded to incorporate broader sustainability disclosures,
– Government support for companies under the mandatory regime, including:
– prompt introduction, with targeted, time-bound transitional arrangements to address key challenges for preparers and audit/assurance providers,
- support from government including free, fit-for-purpose data access, and climate scenarios, and
– practical regulatory guidance on aspects of disclosures that present challenges.
About the contributors
About the speakers
Treasury consulted on a proposal to mandate climate-related disclosures in Australia. In RIAA’s view, the key priorities for the new disclosures regime should be:
– alignment with the International Sustainability Standards Board (ISSB), and adapting to Australia with a building-block approach,
– a fit-for purpose regulatory framework that can be expanded to incorporate broader sustainability disclosures,
– Government support for companies under the mandatory regime, including:
– prompt introduction, with targeted, time-bound transitional arrangements to address key challenges for preparers and audit/assurance providers,
- support from government including free, fit-for-purpose data access, and climate scenarios, and
– practical regulatory guidance on aspects of disclosures that present challenges.
