The evolution of financial reporting: Sustainability reporting in Australia
CPD: 1 Hour(s)
New standards for sustainability-related financial disclosures are set to dramatically change the financial reporting landscape. As a suite of sustainability-related financial reporting standards are developed, beginning with climate, entities may begin to report on a range of new topics that provide insights as to how sustainability-related risks and opportunities impact on current and future financial performance.
Join Siobhan Hammond, Acting Director of Sustainability Reporting at the Australian Accounting Standards Board (AASB), and Tom Frick, Acting Manager AASB Sustainability Reporting, for a session exploring the work of the International Sustainability Standards Board (ISSB) in developing a global baseline for sustainability-related financial reporting, and the AASB’s approach to developing sustainability reporting and climate-related financial disclosure requirements for Australia. The audience will also have the opportunity to provide feedback on their sustainability-related information needs.
Key learning/take aways:
Overview of the IFRS Sustainability Disclosure Standards being developed by the ISSB
Overview of the AASB’s approach to developing sustainability reporting and climate-related financial disclosure requirements for Australia
Opportunities to provide feedback on experiences and information needs relating to sustainability reporting
Acting Director, AASB Sustainability Reporting
As Acting Director, Siobhan leads the AASB Sustainability Reporting staff in the development of sustainability reporting standard-setting projects.
Prior to joining the AASB, Siobhan worked as a project manager at the International Accounting Standards Board where she was responsible for the Definition of Material, Disclosure of Accounting Policies and Extractive Activities projects and assisted on a number of Disclosure Initiative projects. She was also responsible for the delivery of the annual publication of required and issued IFRS Standards. As part of that experience Siobhan developed a strong understanding of international technical accounting and reporting issues and standard-setting.
Acting Manager, AASB Sustainability Reporting
Tom is an experienced professional in financial reporting. He has previously worked in academic roles at The University of Melbourne, where his research focused on the application of materiality, the implementation of accounting standards, and measuring service performance in not-for-profits. He has also worked in advisory roles with Big Four accounting firms.
As part of the AASB’s Sustainability Reporting team, Tom is working on the development of sustainability reporting and climate-related financial disclosure requirements for Australia. He is involved in stakeholder outreach and thought leadership to ensure the new requirements can facilitate disclosures that meet the information needs of users.
Eliana Dery (Moderator)
FINSIA YFP member & Senior Consultant Strategy & Transactions, Ernst & Young
Eliana is a member of FINSIA Young finance committee and a senior consultant in the Strategy & Transactions team at EY, where she has worked for three and half years. She performs financial due diligence on mergers and acquisitions for both mid-market and large listed clients. She is a qualified accountant and CA member and holds a commerce degree from UNSW.
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