Australia’s Treasury has opened a consultation running until October 2, 2026 on efficiency‑boosting reforms for its ongoing mandatory climate‑related disclosure regime, which rolls out reporting obligations in phases starting from 2025 for large entities, 2026 for mid‑sized firms and originally planned for smaller companies in 2027, separate from a 2026‑budget proposal to lift reporting exemption thresholds for small businesses; the consultation weighs options to scrap or postpone the planned mid‑2030 shift from limited to reasonable assurance for climate disclosures, apply tiered assurance according to metric maturity such as Scope 1‑2 versus Scope 3 emissions, offer clearer guidance and more public domestic emissions factors to define reasonable value‑chain information requests and ease Scope 3 reporting burdens especially on SMEs, and deliver additional interpretive guidance plus educational workshops for key reporting concepts including “undue cost or effort”, to cut corporate compliance costs while preserving disclosure integrity.
Source: https://www.esgtoday.com/australia-proposes-measures-to-reduce-climate-reporting-burden-on-companies/