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#corporationsact — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #corporationsact, aggregated by home.social.

  1. Bill passes to force big Australian companies to report on climate impacts and risks

    "Compulsory climate reporting for businesses will bring Australia in line with trading partners and support investment...The largest companies and financial institutions must provide greater detail on how climate change is affecting strategy and key business decision under amendments to the Corporations Act that have passed the Senate."

    "Mandatory disclosure of climate and nature-related risks will be a critical pillar of Australia’s climate response and an important way for companies to adjust, the Carbon Market Institute’s chief executive said on Friday...This very welcome development sees Australia follow other jurisdictions around the world."

    "Directors who fail to properly model, manage and disclose the risks could be held liable for breaching their legal duties. Reporting will start on January 1 for Australia’s largest listed and unlisted companies and financial institutions, with others to be phased in over time."

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    reneweconomy.com.au/bill-passe
    #climate #FossilFuels #biodiversity #GHG #harm #disclosure #ExtremeHeat #industry #transparency #CorporationsAct #ClimateEmergency #disclosures #FCNSW #loggingIndustry #law #liability