Comment Letter to the Australian Accounting Standards Board

Summary:

The Council of Financial Regulators (CFR) submitted a comment letter to the Australian Accounting Standards Board (AASB) on the exposure draft for Australian sustainability reporting standards on the disclosure of climate-related financial information. The letter provides feedback and recommendations on the proposed standards, focusing on the need for consistency, clarity, and relevance in the reporting framework. The CFR also emphasized the importance of aligning the standards with international best practices and ensuring that they are effective in promoting transparency and accountability for organizations disclosing climate-related financial information.