ABCL Submission to Treasury on Improving the Efficiency of Climate-related Financial Disclosures

The Australian Beverages Council has made a submission in response to Treasury’s consultation on improving the efficiency of climate-related financial disclosures.

The ABCL supports climate disclosure that is useful and aligned internationally, with assurance proportionate to the maturity of the underlying data. Scope 3 emissions rely heavily on estimates and third-party information, so the ABCL recommends keeping Scope 3 disclosure but deferring mandatory assurance until data and methods are sufficiently mature.

The submission also calls for a government-maintained repository of emissions factors, practical guidance on materiality, better alignment of reporting periods, and a “tell us once” approach to sharing data. Together, these measures would reduce duplicated reporting across manufacturing supply chains while keeping disclosure transparent.

ABCL Submission to Treasury on Improving the Efficiency of Climate-related Financial Disclosures