Climate-related financial disclosure – consultation
On 17 February 2023, AFIA made a submission to Treasury’s consultation paper on climate-related financial disclosure. AFIA welcomed the proposals and recommended that the Australian requirements be implemented in a phased, scalable, and proportionate manner to ensure that reporting entitles are provided with time to prepare. AFIA called for the Government to recognise the inherent uncertainty of some climate disclosures when ensuring that reporting is comprehensive and proportionate.