The Business Council of Australia (BCA) welcomes the opportunity to respond to the Treasury’s Sustainable Finance Strategy Consultation Paper.

We welcome the development of this Sustainable Finance Strategy as an opportunity to further enable Australia to pursue its net zero objectives — as efficiently, effectively and equitably as possible — and to support our regional trading partners on their pathways to net zero.

The BCA participated in both rounds of consultation by the Treasury on development of Australia’s mandatory disclosure requirements scheduled to commence 1 July 2024.

Our members support continuous improvement in the quality of climate-related financial disclosures to guide investment decisions and alignment of Australia’s disclosure framework with the International Sustainability Standards Board’s (ISSB) foundation for a global baseline for sustainability disclosures.

Read our full submission here.