Australia’s financial regulator notes gaps in first wave of mandatory sustainability disclosures
In general, ASIC says standardised requirements are driving more consistency and comparability.
The Australian Securities and Investments Commission (ASIC) has shared initial observations on the first wave of mandatory sustainability disclosures shared this year by companies – noting improvements in quality and comparability, but warning about remaining gaps.
Large Australian companies are required to submit sustainability disclosures to ASIC based on the Australian Sustainability Reporting Standards (AASB S1 and S2) for the first time this year, with a June 30 deadline.
