The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 introduces mandatory climate-related disclosures in Australia, effective January 1, 2025. Specified entities must include annual sustainability reports in their financial reporting, detailing climate risks, opportunities, metrics, and targets, including Scope 1, 2, and 3 emissions. These disclosures must also address governance, strategy, and risk management related to climate, following sustainability standards.