Australian Government Introduces Mandatory Climate Reporting

The Albanese state has passed legislation that will require big corporations to report climate challenges starting in 2025, with the intention of encouraging more investment in clean energy and assisting investors and businesses in doing so.
The Australian House of Representatives received the Treasury Laws Amendment ( Financial Market Infrastructure and Other Measures ) Bill ( pdf ) on March 27.
The bill adds fresh, stringent requirements for big corporations to their climate reporting requirements. Moreover, it establishes a foundation to protect our monetary marketplace infrastructure during crises.
The rules begins with the largest companies in Australia, but it expands to include both small and medium businesses over time.
” The legislation does introduce standardised, worldwide- aligned reporting requirements for businesses, to ensure they are making higher- quality climate- associated economic disclosures”, Treasurer Jim Chalmers said….

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