Abstract

In 2024, the Australian government is set to enact a pivotal policy: compelling large corporations and financial institutions to unveil their climate-related activities. This move is part of a global shift towards greater sustainability transparency, driven by the International Financial Reporting Standards (IFRS) Foundation’s introduction of the International Sustainability Standards Board (ISSB) in 2021. The ISSB established universal guidelines for disclosing climate and sustainability information, released in June 2023, to be integrated into financial statements [1].