As Australia's AGM season opens and policymakers weigh rolling back parts of the country's climate disclosure rules, ASIC says mandatory sustainability reporting is already improving the quality, consistency and usefulness of climate-related financial disclosures.

If enacted, the change would materially shrink the final cohort due to enter Australia’s mandatory climate reporting regime, which has been rolling out in phases since 2025.

The Australian and US national financial regulators are taking legal action against companies accused of greenwashing funds and misleading investors.