ASIC warns lawyers, accountants on ‘seismic’ climate shift

The corporate watchdog has put accountants and lawyers on notice about the looming challenge of providing advice to companies about how to comply with complex disclosure rules on sustainable finance and climate risk.

Australian Securities and Investments Commission chairman Joe Longo said implementing and adhering to the broadening environmental, social and governance global framework would be on a par with navigating “major tax reforms” such as the introduction of the goods and services tax.