The Australian Government has passed significant climate-related legislation, introducing mandatory reporting requirements for large and medium-sized companies starting in 2025. This legislation mandates disclosures on climate risks, and greenhouse gas emissions, and aligns with international standards set by the IFRS Foundation’s ISSB.
Additionally, a new Net Zero Economy Authority has been established to guide Australia’s transition to net zero emissions by 2050, focusing on workforce reskilling, industry transformation, and investor coordination. These measures underscore the government’s commitment to integrating digital solutions and enhancing transparency in climate risk management.
