In November 2023, Treasury released a proposed sustainable finance strategy for Australia.

In our joint submission with CPA Australia, we:

• Outline that Government and regulators have a leading role to play to collaborate with industry in Australia and abroad to provide a streamlined approach which leverages existing education, content, resources and knowledge
• Suggest Government considers bringing together business reporting, and consider appropriate adjustments, under one framework to streamline the regulatory reporting process for business, The consolidation of the myriad of these reporting requirements into the single overarching reporting framework should be incorporated into the roadmap, with appropriate timelines.
• Note, ASIC’s current role to enforce financial disclosures and business conduct more broadly should ideally be officially extended to encompass sustainability-related disclosures. We also recommend Government provide transparent detailed cost recovery information to the market.
• Believe that Government has a leading role to play to provide a freely assessable, centralised point for baseline data (with limited third-party interventions), which can be used by business, to provide consistency and comparability to inform disclosures.