Australian CFOs Hold The Key To Unlocking ESG Value

ESG (environmental, social, and governance) is now a priority of many corporate leadership teams, playing an important part in a company's financial reporting, risk management and corporate messaging.

The latest government federal budget featured a substantial focus on addressing climate change in Australia, from increased budgetary support for relevant government departments, to funding devoted to the development of climate reporting standards in Australia by the Australian Accounting Standards Board. The Board, which appointed five new directors for such purpose, will look to develop climate reporting standards for large businesses and financial institutions, in line with international reporting standards. This follows similar developments in the US and the European Union.