Chemycal has been acquired by 3E

Learn More

Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information


Your substances

None


The Australian Accounting Standards Board (AASB) released an Exposure Draft on October 23, 2023, detailing the anticipated Australian climate-related reporting standards: Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information.

The proposed standards apply to entities required to file financial reports under the Corporations Act 2001 (Cth) in Australia, with a phased-in reporting approach for large superannuation funds and asset managers starting from July 1, 2024.

The draft includes governance, strategy, and risk disclosures, modifications to Greenhouse Gas Emissions (GHG) measurement methodologies, considerations for superannuation funds on Scope 3 emissions reporting challenges, and additional disclosures for entities involved in asset management activities.

The AASB is seeking feedback on various aspects of the draft until March 1, 2024.

                   

Related News

Loading...