Australian Government introduces mandatory climate reporting laws for large companies from 2025.
The Australian Government introduced mandatory climate reporting laws for large companies, effective from 2025. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill requires companies to report climate risks, targets, and greenhouse gas emissions. The legislation aims to modernize Australia's financial system, providing greater information and clarity to investors while encouraging investment in the net-zero transformation. The bill also includes provisions for exemptions for smaller entities without significant climate-related risks or opportunities.
March 26, 2024
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