Australia Explores Mandatory Climate Disclosure Regime
Australia has become the latest nation to explore a mandatory climate change disclosure regime, with consultations ongoing since December 2022. This move aims to balance the demands of investors, companies, and advocacy groups, as revealed in initial discussions that concluded in February 2024.
The Australian government is considering a law that will affect both non-financial institutions and asset owners. The regime, if implemented, will join a growing list of countries adopting similar measures. While support for the initiative is broad, it is not universally embraced.
The specific official driving this mandate has not been identified in available search results. However, the government has engaged in initial consultations, indicating a serious commitment to exploring this regulatory path.
Australia's exploration of a mandatory climate change disclosure regime signals a global trend towards increased transparency and accountability in climate-related reporting. The final outcome of these consultations remains to be seen, but the wide-ranging support suggests a significant step forward in the country's climate change mitigation efforts.
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