The CEC welcomes Treasury’s bill to mandate climate-related financial disclosures and the initial framework. A clear framework compelling companies to assess and disclose their climate-related financial risks can play a key role in both preventing system-wide problems in Australia’s financial systems and can also support adequate and affordable capital flows into the clean energy industries.
The CEC encourages Treasury to consider some final refinements on the final bill, as outlined below, along with ongoing engagement and consultation with the clean energy industry following initial implementation and as part of continuous improvement of reporting regimes.
