The report highlights the importance of addressing climate-related issues in 2016. The Australian Securities and Investments Commission (ASIC) is encouraging companies to develop a best-practice training plan for financial stability, as recognized by the Task Force on Climate-Related Financial Disclosures. Additionally, the Global Reporting Initiative (GRI) is assisting businesses in reporting their sustainability performance, with over 45 countries and more than 180 strategies worldwide. The European Commission has also proposed allowing major companies to disclose their sustainability performance, which would encourage around 6,000 EU-based companies to do so. Finally, the ASX Corporate Governance Council has released a recommendation for Principle 7, which emphasizes the importance of recognizing and managing risk related to social, environmental, and economic issues.