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16th January 2024 News

Australia Proposes New Law Requiring Mandatory Climate Reporting for Companies

The government of Australia announced the release of new draft legislation which would initiate mandatory climate-related reporting requirements for large and medium sized companies.
The new AASB proposals are based on the sustainability disclosure standards by the IFRS Foundation’s International Sustainability Standards Board (ISSB), with some modifications in areas such as Scope 3, or indirect value chain emissions reporting etc.
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ESG Chronicle Team