Moore Australia Welcomes Clarity in Climate-Related Financial Disclosures

Moore Australia is pleased to have submitted a response to the Treasury consultation on Climate-related financial disclosure. The consultation invited views on which Australian organisations should be subject to climate-related disclosures, what baseline international disclosures should be adopted and other considerations regarding how best to implement standards in Australia.?

As ESG Consultants and Business Advisors, Moore Australia believes it important to be engaged in this debate, to make sure the voice of the mid-tier of Australian organisations is heard, particularly given that the focus has been primarily on the largest of our companies to date.?

Our summary views are:

• The International Sustainability Standards Board’s (ISSB’s) standards are the appropriate baseline for disclosures in Australia.
• The standards should apply, at a minimum, to all listed organisations but that there is merit in large private companies also adopting.
• Assurance over these disclosures will be essential to deal with Greenwashing.
• Staged implementation is suggested to allow mid-tier companies adequate time to understand and implement these standards.

In light of the Treasury consultation touting June 2025 as a potential first reporting date, and the Australian Accounting Standards Board (AASB) aiming to have the sustainability standards issued locally by November 2023, the application of these standards is coming quickly.

If you want to understand more about what these standards entail, or how we can help you to start preparing?now, please contact your local Moore Australia Advisor Today.

#ESG #AASB #ClimateChange