By Carolyn Pugsley, Anna Coroneo, Zulema Townsend and Suzannah Hewson
On 23 October 2023, the Australian Accounting Standards Board (AASB) released Exposure Draft ED SR1 Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information that is proposed to apply to the climate-related financial disclosures of Australian reporting entities.
The Exposure Draft includes three standards that are closely aligned with the International Sustainability Standards Board’s IFRS S1 and IFRS S2, and build on Treasury’s second consultation paper released in June 2023 (see our earlier insights here).
Consultation is open until 1 March 2024.
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