In September 2024, Australia has passed legislation mandating climate-related financial disclosures, marking a significant step in environmental regulation. This move aligns with global trends where investors and regulators are increasingly demanding transparency on climate risks. Companies are advised to be cautious of greenwashing claims as they navigate these new requirements. In addition, the Australian Securities and Investments Commission (ASIC) has released additional guidance on greenwashing to help businesses comply with the new regulations. The evolving ESG landscape underscores the importance of integrating climate risk into business metrics to stay competitive. Legal firm K&L Gates has been actively involved in providing insights on these developments.