The Importance of Natural Added Financial Disclosure

The next cab off the rank is Task Force on Natural Added Financial Disclosure. That too will be voluntary, at least initially, and maybe for a very long time. But I nevertheless expect to see Australian businesses responding to that and responding quickly - even seeking to be at the forefront globally in responses. It's effectively disenchantment on the part of the public or members of the public generally, in attributing the source of the problems to the activities of business. So it's leading to an implicit externality tax being imposed on businesses. And that is going to change behavior.