From www.accountantsdaily.com.au: Grant Thornton has advised small businesses in Australia to prepare for upcoming mandatory climate disclosure requirements that will indirectly affect them starting January 1, 2025.

These requirements will compel large businesses to disclose their climate-related financial risks and may necessitate data from small businesses regarding their operations and supply chains.

Staying informed and maintaining accurate records are essential steps for small businesses to navigate the evolving regulatory landscape and foster strong relationships with larger partners.