Australian Update - ASIC Publishes Regulatory Guidance for New Sustainability Reporting Requirements - On 31 March 2025, the Australian Securities and Investments Commission (ASIC) published its Regulatory Guide 280...more
Australian - Update Mandatory Climate-Related Financial Disclosures Come Into Effect - The first phase of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) (Bill) commenced on...more
2/24/2025
/ ASIC ,
Australia ,
Carbon Emissions ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Financial Markets ,
Greenhouse Gas Emissions ,
Modern Slavery Act ,
Regulatory Agenda ,
Reporting Requirements ,
Sustainability
Australian Update - Australia Commits AU$75 million to Singapore's FAST-P Clean Energy Transition Initiative - On 3 December 2024, the Australian Government approved an AU$75 million equity investment in the Singapore...more
12/27/2024
/ Australia ,
Carbon Emissions ,
Clean Energy ,
Climate Change ,
Cyber Threats ,
Cybersecurity ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Green Finance ,
Reporting Requirements ,
Singapore ,
Sustainability ,
Sustainable Business Practices ,
Tax Credits
Introduction - When directors and officers of reporting entities are assessing how to prepare for complying with the new sustainability reporting obligations, it is tempting to look to the Australian Securities and...more
12/19/2024
/ ASIC ,
Asset Management ,
Australia ,
Compliance ,
Enforcement Priorities ,
Environmental Social & Governance (ESG) ,
Greenwashing ,
Misleading Statements ,
Recordkeeping Requirements ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices
Australian Update - Climate-Related Disclosures Legislation Passed - The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) passed Parliament on 9 September 2024 and received Royal...more
10/4/2024
/ ASIC ,
Australia ,
Climate Change ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Financial Services Industry ,
Greenwashing ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance
Taylor Swift’s “Eras Tour” was one of the highest grossing music tours of all time with approximate proceeds exceeding US$1 billion. While this is a monumental feat, Taylor Swift also gained negative attention during the tour...more
6/26/2024
/ ASIC ,
Australia ,
Carbon Emissions ,
Carbon Off-Set Credits ,
Clean Energy ,
Climate Change ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Greenhouse Gas Emissions ,
Net Zero ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices
AUSTRALIAN UPDATE - Updated Bill to Introduce Climate-Related Financial Reporting Regime - Background - The Australian Government released the first reading draft of the Treasury Laws Amendment (Financial Market...more
5/29/2024
/ ASIC ,
Australia ,
Australian Competition and Consumer Commission (ACCC) ,
Clean Energy ,
Climate Change ,
Energy Projects ,
Environmental Social & Governance (ESG) ,
Financial Markets ,
Financial Services Industry ,
Greenwashing ,
Investors ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance
Australian Update - Australian Competition and Consumer Commission Enforcement Priorities for 2024-2025 - The Australian Competition and Consumer Commission (ACCC) has announced its enforcement and compliance priorities for...more
4/26/2024
/ ASIC ,
Australia ,
Australian Competition and Consumer Commission (ACCC) ,
Climate Change ,
Competition ,
Compliance ,
Corporate Governance ,
Disclosure Requirements ,
Enforcement ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Green Bonds ,
Greenwashing ,
Reporting Requirements ,
Small Business ,
Supply Chain ,
Sustainability ,
Sustainable Finance
Introduction - Over 400 New South Wales (NSW) government entities, including government agencies, state owned corporations, and councils (collectively, Covered Entities) are required to conduct modern slavery due diligence...more
Overview - Background - The Australian Government recently released an exposure draft of the legislation to implement mandatory climate-related financial disclosures (Draft Legislation). This follows the release of draft...more
2/20/2024
/ Australia ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Due Diligence ,
Duty of Care ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Regulatory Oversight ,
Reporting Requirements ,
Risk Management ,
Sustainability
Australian Update - Draft Reporting Standards for Australian Climate-Related Disclosures - As previously reported by K&L Gates, the Australian Accounting Standards Board released its exposure draft of the Australian...more
11/27/2023
/ Australia ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
EU ,
Green Bonds ,
Hydrogen Power ,
Investment ,
Regulatory Standards ,
Renewable Energy ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance
Australian Update - Warnings Issued About Active Investment Greenwashing As reported by the Australian Financial Review, Australian Securities and Investments Commission (ASIC) has warned that superannuation funds who justify...more
Whilst there has been a marked improvement in the aspirations of Australia's leading companies with respect to environmental, social and governance (ESG) reporting over the last few years, we expect the requirements for more...more
The Department of Home Affairs recently released Draft Guidance (Draft Guide) on the reporting requirements of the Modern Slavery Act 2018 (Cth) (Act). The Draft Guide provides welcome clarity on how to prepare, approve and...more