After announcing its commitment to introducing internationally-aligned mandatory climate-related financial reporting, the Australian Government through the Australian Accounting Standards Board (AASB) is consulting on three proposed Australian Sustainability Reporting Standards which provide a standardised framework for businesses to report annually on their climate-related financial disclosures and also greenhouse gas emissions, possibly as early as from 1 July 2024.
Comments are invited on any of the proposals in this Exposure Draft by 1 March 2024 by way of an online survey. The Australian Steel Institute will be preparing a broad submission representative of the entire Australian steel industry. Steel member companies are encouraged to review the Exposure Draft and submit their own response, especially those which fall into the first group of reporting entities (refer table below).
The AASB have set multiple in-person consultation sessions, or ‘outreach activities’ around the country as well as two virtual sessions in February 2024.
You can register to attend any of the sessions here.
Proposed roadmap for mandatory disclosure requirements (source: page 5 Exposure Draft)
