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Showing 31 - 40 of 668 results for %22Financial Standard%22

Investors "flying blind" to climate litigation risk

ROSE MARY PETRASS  |  MONDAY, 15 JAN 2024  |  NEWS
... physical and transition risks from climate change when investing in major energy companies - and may be overlooking the financial risk from litigation, researchers from Oxford University and the University of Melbourne warn. Accounting for recent developments ...

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
Super funds with more than $5 billion in assets under management will have to report on the financial impacts of climate change from 1 July 2026, according to mandatory climate risk reporting legislation proposed by government. Treasury released the ...

Top 10 most-read articles of 2023

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... disclosure standards draft October: Australian Sustainability Reporting Standards (ASRS) will first focus on climate-related financial reporting, under an exposure draft released by the Australian Accounting Standards Board (AASB). #7: Social license ...

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... escalating anti-ESG rhetoric, industry leaders continued to power ahead with efforts for a greener and more socially ethical financial system and understanding of risk and return - with the awareness that this may be our last chance to prevent irreversible ...

Task Force on Climate-Related Financial Disclosures disbanded

ROSE MARY PETRASS  |  WEDNESDAY, 27 DEC 2023  |  NEWS
The Task Force on Climate-related Financial Disclosures (TCFD) has now officially fulfilled its remit and disbanded. As of November 2023, the TCFD website will no longer be updated or monitored but will remain available with resources for materials ...

Preparing for mandatory climate reporting: Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... A public comment period is open until 1 March 2024 for ASRS 1 General Requirements for Disclosure of Climate-related Financial Information and ASRS 2 Climate-Related Financial Disclosures, The two new standards would kick in from 1 July 2024 and apply ...

GRI and EFRAG partner on Interoperability Index

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... Standards (ESRS) and reduce the reporting burden on companies. The Global Reporting Initiative (GRI) and the European Financial Reporting Advisory Group (EFRAG) partnered to launch the index, giving guidance on how to align the standards. Entities reporting ...

Research flags need for comprehensive ESG reporting

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
... follow in 2027-2028. Treasurer Jim Chalmers recently announced the government will merge the three bodies that oversee financial reporting and set reporting standards - the Australian Accounting Standards Board (AASB), the Auditing and Assurance Standards ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... Leaders on a Global Climate Finance Framework was endorsed by 12 countries, including the UK and the US, to showcase a new financial architecture to make financing available, accessible, and affordable. Australia did not sign on. The report of the Independent ...

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
... with agencies to that end. Entity-level planning will commence, with emission reduction plans to be provided by end of financial year 2023/2024." The strategy covers a range of services across government, including energy, buildings, ICT sustainable ...