The Australian Sustainable Finance Institute (ASFI) welcomes the opportunity to comment on the Exposure Draft of the Climate-related financial disclosure legislation.

Over the past year, ASFI has continued to establish and strengthen partnerships across the financial system to drive the ambition and change needed to achieve our collective sustainability goals, and today we are delighted to share our annual strategy and business plan for 2024.

Find ASFI’s submission on the Agriculture and Land Sectoral Plan.

ASFI in collaboration with the Investor Group on Climate Change (IGCC) have prepared this resource setting out the relationship between decarbonisation scenarios, pathways, plans, and the taxonomy.

Read ASFI’s submission to the Government’s Sustainable Finance Strategy Consultation.

ASFI has today published two methodology papers as we take a further step towards the development of Australia’s sustainable finance taxonomy.

ASFI in partnership with Green Building Council of Australia (GBCA) have today released a practical guide to help demystify sustainable finance and its application for the real estate and finance sectors.

On 2 November 2023, the Australian Treasury released its much-anticipated Sustainable Finance Strategy Consultation Paper. This follows the commitment by the Australian Treasurer in December 2022 to develop an ‘ambitious and coordinated’ sustainable finance strategy in 2023.

On 24 October 2023, at a sold-out summit, over 350 attendees from across finance, business, government, civil society, and academia came together to unpack this year’s theme; ‘driving ambition: Australia’s time to lead’.

ASFI is delighted to launch our 2023 Australian Sustainable Finance Progress Tracker. This is our third annual report on progress towards implementing the Australian Sustainable Finance Roadmap.

After two years of iterative development, on 18 September 2023, the Taskforce on Nature-related Financial Disclosures (TNFD) published its final (v1.0) recommendations for nature-related risk management and disclosure. Read our “ASFI explainer” for the final recommendations.

Last week the Government released its Southeast Asia Economic Strategy to 2040. The strategy identifies opportunities to strengthen Australia’s ties with countries in our region to advance mutual prosperity and security. It sets out 75 recommendations, many of which aim to enable greater levels of Australian investment into the region.

ASFI contributed to a joint submission to the International Sustainability Standards Board (ISSB) on proposed priorities for its next two-year work plan together with 15 peak professional, industry and investors bodies in Australia.

Read ASFI’s response to the Department of Foreign Affairs and Trade’s (DFAT) Development Finance Review.

This report identifies key considerations to inform the methodology for integrating transition activities in an Australian taxonomy. The report’s findings were informed by and adapted from the most advanced transition methodologies currently under development internationally, as well as international best practice on transition financing and disclosures.

In July 2023, the Australian Treasury invited feedback on its second consultation paper on Climate-related Disclosures. ASFI supports the introduction of mandatory climate disclosures for the Australian market. A robust and workable climate disclosures framework will help financial institutions make better decisions, firms understand and manage climate risk and opportunity, and regulators combat greenwashing.

Today, we are pleased to have published our 2023 Mid-Year Report, which reflects on the work and progress we have achieved over the past 6 months and provides an outlook of our priority areas for the remainder of the year.

Find ASFI’s submission to the Climate Change Authority’s consultation on “Setting, tracking and achieving Australia’s emissions reduction targets”.

Read ASFI’s submission to the Nature Repair Market (Consequential Amendments) Bill 2023.

The Australian Sustainable Finance Institute (ASFI) and Chartered Accountants Australia and New Zealand (CA ANZ) welcome the opportunity to provide a joint submission to the TNFD on its fourth and final beta framework.