Climate Reporting in Australia Set To Become Mandatory in 2024

There’s an old saying that goes something like ‘if it wasn’t for the last minute, nothing would get done’.

Ask any high school student or university student and they will tell you this adage is true.

So, despite many scientists saying we are now on the precipice, and have potentially already passed 5 major climate change tipping points, it’s somewhat pleasing to see the Australian government finally imposing some mandatory climate reporting on Australian businesses.

The recent announcement by the national market regulator, Chair Joe Longo, about the upcoming climate disclosure rules marks a historical turning point. Described as the “biggest change to corporate reporting in a generation,” this initiative reflects a commendable commitment to transparency and environmental accountability.