Climate-related financial disclosures, second-round consultation
21 July 2023
The ABA supports the introduction of mandatory climate-related financial disclosures aligned with the ISSB, and we feel that the proposed model generally strikes an appropriate balance. The submission makes key points across six areas: phased approach, reporting content, reporting location, assurance, continuous disclosure and the modified liability approach.
Download PDFClimate-related Financial Disclosures
17 February 2023
The ABA supports the introduction of mandatory climate-related financial disclosures aligned with the International Sustainability Standards Board. This will provide banks and business with the certainty they need to manage their climate risks and to grasp the opportunities from the new green industrial revolution. The submission highlights the need for collaboration on data gaps, safe harbour provisions or alternative legal measures, and appropriate phasing.
Download PDFNational Reconstruction Fund: consultation paper
1 February 2023
The Australian Banking Association (ABA) supports the intent of the National Energy Performance Strategy. The ABA considers that enhancements to building codes and regulations, coupled with decarbonising the grid, can be an effective way to support improvements to energy performance. We also advocate for the provision of rebates, tax incentives and subsidies to support the adoption of energy efficiency technologies, particularly in relation to individuals from low-income households who may not have the capacity to fund energy efficiency upgrades.
Download PDFClimate Change Authority International Offsets
14 April 2022
The ABA encourages continuous improvement in the operating features of carbon markets to improve integrity and trust and to build scale and liquidity.
Download PDFIBFed Climate-related Financial Risks
16 February 2022
This is an IBFed submission to the BCBS’s consultation on the draft Principles for the effective management and supervision of climate-related financial risks. The ABA is a signatory to this submission.
Download PDFAASB ITC 48 Extended External Reporting
7 February 2022
This submission responds to the Australian Accounting Standards Board consultation on extended external reporting (ITC 48.)
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