Australia policy
Australia’s financial sector is increasingly attuned to the urgent sustainability risks threatening the strength and stability of the country’s economy. To keep pace with industry expectations and global developments, Australian policy and regulatory frameworks will need to evolve to meet these challenges.
Comprehensive consideration of systemic sustainability risks will require strengthened corporate disclosure requirements, clarifications of investor fiduciary duties, and better frameworks for effective stewardship. See further details below of PRI’s work supporting stronger sustainable finance policy in Australia.
Key publications
Announcements
Australia responsible investment ecosystem Ways of Working agreement
The PRI, the Australian Council of Superannuation Investors (ACSI), the Australian Sustainable Finance Institute (ASFI), the Investor Group on Climate Change (IGCC) and the Responsible Investment Association Australasia (RIAA) has finalised a Ways of Working document that sets out strategic and working level mechanisms for coordination, collaboration and work planning between the organisations.
Latest policy engagements
PRI response to Australia’s Strategy for Nature 2019-2030
Australia: The PRI welcomes Australia’s update of its Strategy for Nature 2019-2030 to align with the goals and targets of the Kunming-Montreal Global Biodiversity Framework (“GBF”). The PRI highlights the importance of taking a holistic approach when integrating climate change considerations into biodiversity policies, to ensure synergies are amplified and ...
PRI and Australian peak bodies co-sign statement to support climate-related disclosures bill passage
Australia: The group supports the alignment of climate-related disclosures in Australia to the international standards set by the International Sustainability Standards Board (ISSB) and consider that the Bill strikes a sensible and pragmatic balance, including the inclusion of a transitional relief period. It is critical to business certainty and continued ...
PRI response to Treasury consultation on Your Future, Your Super annual performance tests
Australia: PRI response to Treasury consultation on Your Future, Your Super annual performance tests PRI response: The PRI welcomes the Treasury’s proposals for design options to address the issues relating to the Your Future, Your Super (YFYS) annual performance test as identified in the 2022 YFYS Review. The design options ...
PRI response to Treasury consultation on public country-by-country tax reporting
Australia: The PRI supports the Australian Government for its continued focus on improving tax transparency and recommend that it proceeds with the implementation of the proposed legislation. This limited partial disclosure regime will still help advance tax transparency and will provide some level of much-needed information to investors. Our firm ...
PRI response to AASB’s draft Australian Sustainability Reporting Standards (ASRS)
Australia: The PRI welcomes AASB’s draft ASRS standards as it represents an important step forward in the Australian Government’s efforts to ensuring that markets have access to high-quality and comparable information that will enable them to assess climate-related financial risks. We especially welcome proposals where AASB seeks to maintain the ...
Webinars
A Legal Framework for Impact AUS: Can Investors Pursue Sustainability Outcomes?
Hosted by the PRI, the webinar will present the key findings from the Australian annex of the report “A Legal Framework for Impact”, which was authored by Freshfields Bruckhaus Deringer and commissioned by The Generation Foundation, PRI, and UNEP FI.
Further resources
Policy reports
Search our policy briefings
Consultations and letters
Search our policy consultations and letters
A Legal Framework for Impact
It is crucial that assessing and accounting for sustainability impact becomes a core part of investment activity. That’s why PRI, UNEP FI and The Generation Foundation are leading our work programme “A Legal Framework for Impact.”
- The PRI is an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact.
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