Treasury Consultation on Climate-related Transition Planning Guidance
4 September 2025
The Treasury has released draft voluntary guidance on climate-related transition planning, part of the Sustainable Finance Roadmap. It seeks to complement the new mandatory disclosure standards (AASB S2), which came into effect on 1 January 2025.
The guidance outlines principles for credible transition plans, encompassing ambition, targets, implementation, governance, and disclosure. It aligns with international frameworks but seeks input on:
- Scope and audience – who should use the guidance
- Balance of ambition vs flexibility
- Sector-specific guidance needs
- Usefulness of international models (e.g. TPT)
- Practicality – case studies, examples, or more detailed support
Action for Members
The AFGC intends to submit a response to the Treasury consultation and invites members to review the draft consultation paper and provide input, with a particular focus on sector-specific challenges, practical implications, and where greater flexibility or clearer prescriptiveness would add the most value.
Member feedback is requested before 22 September to ensure we meet the closing date for this consultation (24/09/2025). Please provide any input you may have to Sarah Collier, Director, Sustainability (sarah.collier@afgc.org.au).
