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From legislation to action: Australia’s sustainability reporting standards finalised

30/09/2024

The Australian Accounting Standards Board (AASB) has approved new sustainability reporting standards aligning with mandatory climate reporting legislation. These standards create a framework for large Australian companies to disclose their sustainability practices. Introduction Following the passage of the legislation by the Australian Parliament, the AASB approved two inaugural sustainability reporting standards modelled after international guidelines […]

Sustainability Reporting webinar series 2025

23/09/2024

Discover the latest in sustainability reporting through our Sustainability Reporting webinar series. Join us for three insightful sessions exploring the newest trends and advancements in the field. During the session, our experts will provide insights and actionable knowledge that will empower your organisation to navigate the evolving landscape of sustainability reporting: Session details Webinar 1 […]

Australian Parliament passes mandatory climate reporting legislation

13/09/2024

Both houses of the Australian Parliament have now passed mandatory climate reporting legislation, with a new bill that will require large companies to prepare annual sustainability reports. With the aim to enhance the transparency and comparability of climate-related information. Introduction To enhance the transparency and accountability of climate-related matters, on 9 September 2024, the Australian […]

China proposes mandatory Sustainability reporting for listed companies

15/03/2024

China is proposing mandatory sustainability reporting for listed companies, potentially impacting Australian subsidiaries of Chinese firms and Australian investors. Draft guidelines unveiled in February mandate sustainability reporting for companies listed on the Shanghai, Shenzhen, and Beijing Stock Exchanges. This move aligns with global trends as jurisdictions worldwide increasingly require sustainability and climate related reporting. Guideline […]

Phased approach to mandatory climate reporting in Australia

22/01/2024

The Australian government has proposed a new bill that would require certain entities to prepare annual sustainability reports, aiming to enhance the transparency and comparability of climate-related information. Introduction To improve the disclosure and accountability of climate-related matters the Australian government’s final Policy statement proposes to mandate certain entities follow the new sustainability reporting standards […]

Exposure Draft issued for Australia's first Sustainability Reporting Standards

27/10/2023

Australia’s first sustainability reporting standards are out! The Australian Accounting Standards Board (AASB) has issued the much anticipated exposure draft (ED). The exposure draft contains Australian Sustainability Reporting Standards (ASRS) 1 and 2, both of which focus on disclosure of climate-related financial information. This approach contrasts with the approach taken by the International Sustainability Standards […]