To explore the questions this poses for Australian businesses, and to hear insights from the UK and EU - where climate and ESG-related reporting requirements are further developed - Brendan Bateman (Partner, Environment and Sustainable Development) and Geoff Hoffman (Partner, Corporate), are joined by Simon Witney (Senior Consultant) and Sarah-Jane Denton (Consultant, Risk & Operational Regulatory) from UK firm Travers Smith.
The discussion covers an overview of activity in the UK - which has already mandated TCFD reporting across much of its economy - and the EU. We also take a closer look at the standards that underpin the EU Taxonomy as well as the Corporate Sustainability Reporting Directive (CSRD). This will likely impact on a number of Australian-based organisations with business interests in the UK and EU, as well as Australian assets owned, or part-owned, by EU-based asset managers who will have to demonstrate EU Taxonomy alignment across their entire portfolio.