Submission to Treasury consultation on Climate-related financial disclosure

Consistent disclosure of climate related risks is an important step towards all actors in our economy removing and managing these risks. While the consultation paper primarily focuses on improving disclosure for investment purposes, consistent information about climate risks and opportunities also matters to consumers.

While not many consumers will engage directly with company disclosures to regulators, the statements made in these documents can be used as the basis for marketing claims that target consumers. If the quality of reporting improves, standardised information can also be used to compare products or brands in rankings for consumers. These benefits should be considered when assessing the reform.