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What Australia’s Carbon Leakage Review means for trade, imports and business costs
Sustainability reporting and assurance 2025 highlights & 2026 outlook for Australia
Australian Securities and Investments Commission (ASIC) and the Auditing and Assurance Standards Board (AUASB) have both recently published FAQs providing guidance on the use of the different auditors for financial reporting audit and sustainability reporting assurance.
During the week of 15 September 2025, the Australian Government released multiple reports that are highly relevant for entities preparing for mandatory climate-related disclosures under the Corporations Act 2001 and AASB S2
The purpose of this Alert is to draw attention to the Prime Minister’s announcement of Australia’s new 2035 greenhouse gas emissions reduction target and path to net zero by 2050. The new target was announced on 18 September 2025. The new target follows the independent advice of the Climate Change Authority and is supported by the release of a comprehensive Net Zero Plan, along with 6 sectoral decarbonisation plans.
The purpose of this Alert is to draw attention to the National Climate Risk Assessment report (or NCRA), delivered by the Australian Climate Service on 15 September 2025.
Mandatory sustainability reporting under AASB S2 will apply to Australian property and corporate entities meeting size thresholds from 2025, requiring disclosure of climate-related risks, emissions, and transition strategies. Early preparation is essential for compliance and to create long-term value.
The recent launch of Version 1 of the Australian Sustainable Finance Taxonomy (ASFT) by the Australian Sustainable Finance Institute (ASFI), in partnership with the Commonwealth Treasury, marks a significant milestone in the Treasury’s Sustainable Finance Roadmap.
Senate has now passed legislation mandating climate-related disclosures and businesses must have an understanding of what the AASB sustainability standards actually require for compliance.
Explore how life sciences firms can use sustainability to drive growth, resilience, and funding access.
Education sector faces EBA, teacher shortages, and cost increases. Sustainability reporting provides significant value.
Explore how sustainability reporting can enhance compliance, supply chain resilience, and meet consumer expectations for manufacturing businesses.
