ASIC has published a regulatory guide on sustainability reporting following an extensive public consultation with stakeholders.
Regulatory Guide 280 Sustainability reporting (RG 280) provides guidance for entities that are required to prepare a sustainability report containing climate-related financial information under Chapter 2M of the Corporations Act 2001.
This may include companies, registered schemes, registrable superannuation entities and retail corporate collective investment vehicles.
RG 280 includes guidance on determining who must prepare a sustainability report under the Corporations Act, the content required in the sustainability report, disclosing sustainability-related financial information outside the sustainability report, and ASIC’s administration of the sustainability reporting requirements.
ASIC released a draft regulatory guide for consultation, together with Consultation Paper 380 Sustainability reporting (CP 380) on 7 November 2024.
ASIC received 60 submissions from key stakeholders including industry associations, law firms, advisory and audit service providers, and academics.
There was broad support for ASIC to provide guidance on the new sustainability reporting requirements in a regulatory guide. RG 280 has incorporated feedback from this public consultation.
Share this article