Disclosing climate-related costs and opportunities

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Webinar

Australia Accreditation 60 minutes = 1 CPD Unit | September 17, 2024

Australia’s mandatory Climate-related financial disclosure (CRFD) regime is nearly a reality with the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill having recently passed through the Senate with minor amendments. The Bill will now return to the House for approval before being signed into law. Whilst the regime has been years in the making, there remain significant complexities and uncertainties that will need to be tackled by disclosing entities.

CRFD will sit alongside a company’s annual financial reporting obligations under the Corporations Act 2001 (Cth) such that all companies required to prepare annual financial reports under Chapter 2M of the Corporations Act, that also meet the tiered CRFD reporting thresholds, will be required to prepare annual sustainability reports in which climate-related risks and opportunities are disclosed in compliance soon to be finalised Australian Sustainability Reporting Standards (ASRS). The first group of disclosing entities will be required to prepare sustainability reports for financial years commencing on or after 1 January 2025. Group 2 and 3 entities will progressively have to commence reporting from 1 July 2026 and 1 July 2027, respectively.

Join our climate and sustainability team as we unpack the legal requirements and implications of the CRFD regime, focussing on key questions including:

Who is required to report and when?
What are the reporting requirements for Australian inbound subsidiaries and the implications of parent entity’s consolidated reporting?
What is a sustainability report?
What are the risks to directors?

CPD Information

This session is valid for 1 CPD unit. Please ensure this meets the requirements within your jurisdiction. To find out more, visit our CLE Library.

Recommended CPD category:

Substantive law (NSW/Vic/WA/Qld) | Core Area 4 - Substantive law and procedural law (ACT)]

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The contents of this webinar may not be current as at the date of accessing this webinar. Our webinars are intended to provide general information and do not constitute legal advice.

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