# Australian Accounting Standards Board (AASB)

Type: organization

Source: GetYourBrief — https://getyourbrief.com/entity/australian-accounting-standards-board-aasb
Canonical HTML page: https://getyourbrief.com/entity/australian-accounting-standards-board-aasb

## Timeline

- **2030-06-30**: Interim Target — Australian government target of 43% emissions reduction by 2030.
- **2026-02-23**: Spending Surge Reported — Data confirms a significant uptick in corporate capital expenditure on energy shifts.
- **2025-01-01**: AASB Reporting Phase 1 — First cohort of large Australian companies begins mandatory climate risk disclosure.
- **2023-07-01**: Safeguard Mechanism Reform — New emissions reduction requirements for large industrial facilities take effect.

## Recent coverage (1 stories, network-wide)

### Australian Corporate Energy Spending Surges as Transition Hits Critical Mass
2026-02-24 00:01:48 · Sector: climate · Sentiment: Positive · Impact: 6/10 · Sources: 2

Australian businesses are significantly increasing capital expenditure on renewable energy and electrification projects, driven by rising grid costs and new mandatory climate reporting requirements. This shift marks a transition from pilot programs to large-scale infrastructure investment across the industrial and commercial sectors.
Full story: https://getclimatebrief.com/story/australian-businesses-ramp-up-energy-spending

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