Australia’s latest climate disclosure draft offers partial protection against litigation
The country is jumping on the climate regulation bandwagon and making sustainability reporting an obligation for companies.
Australia is moving forward on a proposal to introduce mandatory climate reporting for companies and financial institutions, but is giving directors legal immunity around Scope 3 statements and scenario analysis.
The country is jumping on the climate regulation bandwagon with the proposed amendment of its Australian Securities and Investment Commission Act 2001 and Corporations Act 2001 to include sustainability reporting as an obligation for companies.
