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Stay up to date with key regulatory developments in Australia's move towards mandatory climate-related financial disclosure with Practical Law's new tracker

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2024 is set to be another big year for environmental, social and governance (ESG) issues in Australia, with public consultations already underway on the highly anticipated draft legislation proposing to make climate-related financial disclosure mandatory in Australia and the associated draft accounting standards. To help subscribers keep on top of this emerging legal regime, Practical Law Corporate has recently published Legislation Tracker, Mandatory climate-related financial disclosure in Australia: regulatory developments.

This tracker monitors the progress of key developments in the design and implementation of mandatory climate-related financial disclosure in Australia. It covers proposals for the regulation of mandatory climate-related financial reporting, including public consultations on new climate-related financial disclosure frameworks, policies and standards. This tracker includes the following exposure drafts, which are currently under consultation:

  • Exposure Draft Treasury Laws Amendment Bill 2024 (Cth): Climate-related financial disclosure.
  • Australian Accounting Standards Board's Sustainability Reporting Exposure Draft ED SR 1: Australian Sustainability Reporting Standards: Disclosure of climate-related financial information.
By Practical Law Corporate

Practical Law Australia’s expert legal writers have practical expertise gained from some of the country's leading law firms and corporate legal departments, including Ashurst, Baker & McKenzie, Gilbert + Tobin, Herbert Smith Freehills, the Australian Broadcasting Corporation (ABC) and more. They understand the pressure to deliver timely and cost effective legal advice, which is why Practical Law’s fully maintained practice notes, precedents, drafting notes and checklists offer clear and concise know-how with a practical perspective.

For more information on Practical Law Australia’s legal writing team, visit legal.thomsonreuters.com.au/practical-law-team

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