From www.klgates.com: ASIC has highlighted the need for improved climate-related disclosures to inform investment decisions and scrutinize greenwashing practices amid ongoing market volatility and geopolitical changes.

The Australian Government announced a AU$2 billion investment in the Clean Energy Finance Corporation and a AU$1 billion Green Iron Investment Fund to support the transition to renewable energy and green iron manufacturing.

Recent discussions among superannuation CEOs emphasized the importance of consistent climate risk disclosures and the impact of nature risk on investment strategies, urging regulators to provide clear guidance and align with international standards.