RIAA provided submissions toThe Treasurer’s Economic Reform Roundtable to unlock new ideas and build consensus around reforms.

Sustainable finance can play a key role in supporting a prosperous future for our nation: from developing future-proof skills and capabilities, building infrastructure, supporting affordable housing to investing in new technologies and financing the transition to net zero emissions. With such a breadth of application and opportunity, sustainable finance incorporates systems change to challenge, adapt and improve underlying structures and frameworks in support of sustainable growth.

Productivity cannot grow, or even be maintained, in a world that has failed to decarbonise, mitigate and adapt to climate change.

If done right, this will benefit all Australians and businesses by ensuring that the economy builds resilience in a fast-changing world and the transition supports local communities and First Nations people.

Key submissions:

1. Cost and loss of productivity of inaction must be a central consideration
2. Without a whole-of-government approach, using all policy levers, success is unlikely
3. RIAA’s policy platform sets out priorities to progress sustainable finance
4. Specific suggestions to progress the Government’s 3 priorities:
   1. Reform the annual superannuation performance test
   2. Reform the EPBC Act and regulatory processes
   3. Summary of RIAA’s recommendations to the Productivity Commission (see separate submission)