Why Carbon Direct?

Solutions

Platform

Resources

Australian Climate Disclosure Standards

Australian Climate Disclosure Standards

Australian Climate Disclosure Standards

industry

All

Location

Australia

Status

In effect

Overview

In September 2024, the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 was enacted, amending the existing Australian Securities and Investment Commission Act 2001 and the Corporations Act 2001 to now require large businesses and financial institutions to include climate-related disclosures in their annual reports. Companies covered by these standards are categorized into three groups based on company size. There is a phase-in compliance timeframe for entities of different sizes.

Requirements

  • Report climate-related risks and opportunities

  • Report scope 1 and scope 2 emissions

  • Set climate targets and report metrics

  • Disclose risk management strategies and processes

Affected Companies

Revenue thresholds

More than AUD 330 million

Company size

More than 500 employees

Company Type

Publicly listed and private

Geography

Australia

industry

All

Status:

in effect

in effect

in effect

timeline for compliance

Reporting requirements for larger entities (group 1) will begin in January 2025. Medium-sized companies (group 2) will be required to report the following year, and smaller entities (group 3) will be required to report in 2027–2028.

The information provided on this website is for general informational purposes only and does not constitute legal advice. While Carbon Direct strives to ensure that the content is accurate and up-to-date, we make no representations or warranties regarding the completeness, accuracy, or reliability of the information presented. Climate policies and related legal frameworks can be complex and may vary by jurisdiction; the information provided here may not apply to your specific circumstances.

We strongly advise consulting with your own legal counsel and other professional advisors before making decisions based on the content of this website. By using this site, you acknowledge that Carbon Direct is not liable for any actions taken or decisions made based on the information provided.

Ready to get started?

Ready to get started?

Ready to get started?