The Treasury has released a consultation paper on guidance on best practices for climate-related transition planning.
The Government is implementing policy and regulatory initiatives under the June 2024 Sustainable
Finance Roadmap to build the market structures and frameworks to help organisations, investors and the broader community prepare for and leverage the benefits of the net zero transformation. Background.
The objective of this guidance is to support organisations to plan for climate risks and seize opportunities while meeting expectations of transition plans from investors, lenders and other stakeholders. Accessible, clear, and robust transition plans can help investors and lenders understand the long-term business strategy of organisations, price risk and make capital allocation decisions.
The draft guidance is primarily focused on climate transition plans, but also recognises that
organisations might be seeking to pursue other sustainability objectives, such as social and
environmental objectives.
The guidance is not intended to be a complete reference on Australian climate policy.
If you found this article helpful, then subscribe to our news emails to keep up to date and look at our video courses for in-depth training. Use the search box at the top right of this page or the categories list on the right hand side of this page to check for other articles on the same or related matters.
Author: David Jacobson
Principal, Bright Corporate Law
Email:
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
