Commonwealth Climate Disclosure is the Government’s policy for Commonwealth entities and Commonwealth companies to publicly report on their exposure to climate risks and opportunities, as well as their actions to manage them, delivering transparent and consistent climate disclosures to the Australian public.
The Commonwealth Climate Disclosure Requirements align with the Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosure Standard with specific tailoring for the Commonwealth public sector.
This policy enables Commonwealth entities and Commonwealth companies to be more prepared for, and responsive to, the changing climate. It also supports the delivery of Australia's emissions reduction targets under the Paris Agreement and the Government's APS Net Zero by 2030 target.
Commonwealth Climate Disclosure serves to provide greater transparency, accountability and credibility in the way climate risks are managed across the Commonwealth public sector. This policy is in line with climate-related financial disclosures obligations for Australia’s large businesses and financial institutions.
