Last mentioned: Mar 19, 2026
Full Implementation
Group 3 entities (100+ employees, $25M+ assets) enter the regime, completing the rollout.
Group 2 Expansion
Medium-sized entities (250+ employees, $500M+ assets) begin their mandatory reporting obligations.
Standardization Milestone
Major banks move forward with a unified measure for climate financing to meet new regulatory deadlines.
First Reports Released
The first wave of climate-related financial disclosures hits the market, triggering a reassessment of corporate risk.
Group 1 Commencement
Australia's largest entities begin their first mandatory reporting period.
Legislation Passed
The Treasury Laws Amendment Bill 2024 receives Royal Assent, establishing the mandatory framework.
ISSB Standards Effective
IFRS S1 and S2 become effective globally, providing a framework for sustainability and climate reporting.
OSFI B-15 Issued
Canada's banking regulator releases Guideline B-15, mandating climate risk management and disclosure.
COP26 Launch
The Net-Zero Banking Alliance (NZBA) is formed, with banks committing to align portfolios with net-zero by 2050.
Major financial institutions are formalizing the measurement of 'financed emissions,' transitioning from voluntary disclosures to mandatory regulatory reporting frameworks. This shift, driven by OSFI in Canada and ISSB globally, marks a critical step in quantifying the banking sector's role in the energy transition.
The Australian Labor government's mandatory climate-related financial disclosure regime is fundamentally altering corporate reporting standards as the first wave of large entities begins releasing detailed environmental impact data. This regulatory shift, aligned with global standards, forces thousands of companies to account for climate risks and emissions across their entire supply chains.