From www.claytonutz.com: ASIC)has released Regulatory Guide 280 (RG 280) to provide clarity on mandatory sustainability reporting requirements that commenced on January 1, 2025, for certain entities.

RG 280 includes guidelines on who must report, content requirements for sustainability reports, and directors’ responsibilities regarding climate-related disclosures.

The new regime aims to enhance transparency on climate-related financial risks and opportunities across various sectors while outlining ASIC’s role in enforcement and compliance monitoring.