Fortescue Future Industries chief financial officer Guy Debelle says the government’s legislated emissions reduction target will help Australian companies secure funding to enable the transition to net zero more quickly, as ASIC warned boards to prepare for mandatory climate disclosures

Speaking at the Australian Institute of Company Directors climate conference in Sydney on Monday, former RBA deputy governor Mr Debelle said a legislated 43 per cent emissions target will give companies more certainty to invest in needed technology.