Australia has entered a new era of corporate transparency and environmental responsibility with the introduction of mandatory climate accounting laws. As of January 2025, large and medium-sized Australian businesses, as well as financial institutions, are legally required to disclose detailed information about their climate-related risks, opportunities, and greenhouse gas emissions.

This landmark legislation not only aligns Australia with global sustainability standards but also sets a new benchmark for Environmental, Social, and Governance (ESG) compliance.

The Legal Backbone: What the Law Requires

The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 amends the Corporations Act 2001, making climate reporting a legal obligation for thousands of organisations.…