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Australia’s climate disclosure law shows ‘high ambition’ for sustainable finance

Australia’s proposed climate disclosure requirements align with International Sustainability Standards Board benchmarks, with some adaptations for the Australian market under draft local standards. (Photo: Lisa Maree Williams/Bloomberg)
Australia’s proposed climate disclosure requirements align with International Sustainability Standards Board benchmarks, with some adaptations for the Australian market under draft local standards. (Photo: Lisa Maree Williams/Bloomberg)

Traditionally considered a climate laggard, Australia should soon be brought closer to leaders in the field, such as the EU, by proposed government legislation

Australia’s biggest companies will be subject to mandatory climate disclosure reporting from July 2024 under draft legislation published by the government in January, as Canberra pursues a “high ambition” approach to its sustainable finance agenda. 

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