Published: 24 Feb 2023
ISA appreciates the opportunity to provide this submission on designing and implementing standardised, internationally aligned requirements for disclosure of climate-related financial risks and opportunities in Australia. We also welcome the Government’s broader commitment to develop a comprehensive sustainable finance strategy, of which climate-related disclosure will form part.
ISA broadly supports greater alignment with international standards and making disclosure mandatory for large organisations, including unlisted entities. These reforms will help industry super funds to identify and consider climate and sustainability-related risks in the entities in which they invest, and to manage both the transition and physical risks of climate change. It will also allow them to better track delivery of their own net zero carbon emission targets by improving the transparency of climate risk in the entities in which they invest.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.