Climate-related Financial Disclosure – Joint Peak Bodies Submission
This submission presents the collective views of the 11 professional, industry, investor and research bodies listed below. Together we represent more than 400 companies, investors and financial institutions with A$18 trillion assets under management, over 6 million retail investors and 400,000 business and finance professionals.
We consider clear, transparent, comprehensive and comparable disclosure of sustainability related information to be part of the foundation of a well-functioning financial system and welcome the introduction of mandatory climate-related disclosure requirements in Australia.
A robust, useable, and internationally aligned climate-related disclosures framework will help to channel more capital into activities consistent with Australia’s national emissions reduction goals. It should form a key pillar of Australia’s sustainable finance architecture alongside a sustainable finance taxonomy, agreed sector decarbonisation pathways, strong climate targets and real economy climate policies.
The views set out in this submission are intended to inform and guide the overall direction of the climate disclosure regime. In part due to the short consultation timeframe and the fact that it ran over the summer holiday period, we have not responded to all the questions from the consultation paper. Many of the peak bodies represented in this submission have also made individual submissions, addressing their particular stakeholder views and issues.
You can find the full submission here.
