Australia is following many other jurisdictions in progressing with the introduction of ISSB-aligned mandatory sustainability disclosure standards with a focus initially on climate-related disclosure.

On 27 March 2024, the Australian Government introduced a Bill which (if enacted) would establish the framework for a new, internationally aligned, mandatory climate disclosure reporting regime in Australia. The Bill confirms that entities that are required to prepare and lodge annual financial reports under the Corporations Act will be required to also prepare a "sustainability report" in accordance with sustainability standards made by the Australian Accounting Standards Board (AASB).

These changes should be a key trigger for members to get ready to report; for those already reporting, they should prepare to assess their level of alignment with the new sustainability standards.

This webinar is an opportunity to hear from the AASB’s Research Director Dr Eric Lee on the new sustainability standards. Dr Lee will be joined by Dr Claire Horner, CSIRO’s Environmental Accountant and Allen’s Head of Climate Change, Jillian Button, for a panel discussion on the upcoming changes and practical implications for AFIA members falling under the reporting regime.

Members can register here.