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The Guardian - AU

National

Daniel Hurst

Albanese government looking at laws to force big business to disclose climate efforts

Jim Chalmers Erwin Jackson Australia CFR

Jim Chalmers — Treasurer Jim Chalmers will say Australian firms ‘need to make credible disclosures to remain competitive in global capital markets’. Photograph: Dean Lewins/AAP

Banks and other big businesses will be forced to come clean with the public about what they are doing to cut emissions under plans put forward by the Albanese government.

The government is also looking for ways to crack down on “greenwashing” – or when businesses try to win over consumers by overhyping their environmental practices.

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