The Australian Sustainable Finance Institute (ASFI) has called for practical improvements to Australia’s climate disclosure framework while retaining international alignment.
In a submission published on October 7, 2026, ASFI supports delaying the transition to reasonable assurance until after the legislated 2028 review.
These are industry recommendations, not adopted changes to reporting or assurance obligations.
What Does ASFI Recommend?
ASFI’s recommendations include:
- Preserving the core climate disclosure requirements and maintaining stability during early implementation.
- Providing clearer guidance on materiality, transition planning, physical risks, and scenario analysis.
- Clarifying Scope 3 reporting expectations and value-chain data requests.
- Expanding access to emissions factors and datasets.
- Improving alignment with the National Greenhouse and Energy Reporting Scheme.
- Making climate disclosures freely available.
Its assurance recommendation would allow the government to assess implementation experience, costs, and benefits before determining future settings.
Where Does the Consultation Stand?
The Australian Treasury consultation on improving climate disclosure efficiency closed on October 5, 2026.
It considered changes to assurance rules, clearer guidance, and measures to reduce supply-chain information-request burdens. Treasury’s stated objective is to lower business costs while maintaining credible, high-quality, internationally comparable reporting.
What Does This Mean for Reporting Teams?
ASFI’s submission highlights implementation challenges rather than removing reporting requirements.
For reporting teams, the practical priority remains connecting climate information with the assumptions, calculations, and evidence that support it. Scope 3 estimates, scenario analysis, and transition plans need a clear review process so teams can explain how reported conclusions were reached.
Organizations should monitor the government’s response before changing their reporting or assurance plans.
How EcoActive Supports Connected Climate Reporting
EcoActive’s AI-native ESG Disclosure Management platform connects sustainability data, disclosures, supporting evidence, reviews, and approvals within a governed reporting process.
Native AI supports analysis and insights, while Agentic AI supports workflow actions and repeatable reporting activities, including validation and review. Interpretation and final approval remain under human control.
For teams managing climate disclosures, this connected approach helps maintain traceability from underlying information to the reviewed disclosure—supporting preparation as guidance and assurance expectations evolve.
Explore EcoActive ESG Reporting Software.
See EcoActive in Action
