Compulsory climate risk reporting will be phased in this year, starting with big companies and financial institutions. Draft laws released by Treasurer Jim Chalmers on Friday requiring companies to disclose climate-related risks change the landscape for Australian investors, banks and corporations by elevating climate reporting to the same level as traditional financial disclosures. The mandatory climate risk disclosure is slated to cover large companies from 2024-25 as the first step in a proposed federal reporting regime that will cover around 20,000 organisations. Dr Chalmers said the "significant reforms" will help Australia…
