Nature is a serious and pressing global and national issue with systemic risks to our financial system. Whilst nature-related financial risk disclosure frameworks are still developing, early action is still critically important.
ALCA has provided a submission to ASIC on Consultation Paper 380, Sustainability reporting.
There is opportunity for ASIC to support the recognition of nature as a key factor in firm-level and systemic risks and opportunities, which is a priority from the draft Sustainable Finance Strategy, and develop guidance to support voluntary nature-related disclosures and nature-related claims for investment products.
