Australia is considering easing key parts of its climate reporting regime, signalling a global shift from building disclosure frameworks to reducing compliance burdens.

While other jurisdictions are narrowing, phasing in, simplifying or adapting climate reporting regimes, the United States looks ready to fall at the first hurdle in the global move towards investor-focused climate disclosure.

Minerva Analytics urges the SEC to revise rather than repeal climate disclosure rules, arguing investors still need material climate-related information.

The European Central Bank (ECB) and the International Monetary Fund (IMF) have called for a global standard setter to align climate disclosures across jurisdictions and make these more reliable for investors.

Just 4% of companies are reporting in line with all 11 of the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations, according to its latest status report.