Are you ready for AASB S2 Mandatory Climate-Related Financial Disclosure?
From January 2025, large businesses in Australia will have to share detailed reports on how the climate impacts their operations. This requirement comes from a proposed law by the Department of Treasury.
To help these businesses report accurately, the Australian Accounting Standards Board (AASB) has published a set of guidelines called the Australian Sustainability Reporting Standards (ASRS).
Gain clarity and book a complimentary readiness assessment.
Australian Sustainability Reporting Standards (S1 & S2)
To date, there are two ASRS standards that have been issued:
AASB S1 (voluntary standard): General Requirements for Disclosure of Sustainability-related Financial Information
AASB S2 (mandatory standard): Climate-related Disclosures
These standards are largely aligned with the International Sustainability Standards Board (ISSB) standards IFRS S1 and S2.
01
Details about the company’s governance structures to manage and oversee climate-related risks and opportunities (CROs).
GOVERNANCE
What Needs to Be Reported?
02
Details how CROs could impact the entity's business model and strategy.
STRATEGY
03
RISK MANAGEMENT
Details how an entity identifies, assesses, prioritises and manages CROs.
Who Needs to Report?
04
METRICS & TARGETS
Quantitative information relating to the entity's climate-related performance.
Early preparation is key. Speak to our AASB S2 experts today.
A Readiness Assessment is a good starting point and may include:
Clarifying disclosure requirements relevant to your organisation
Running a materiality discovery workshop to identify existing information and key contacts
Delivering tailored training to educate and engage internal stakeholders
Conducting a gap analysis of existing material against AASB S2 requirements
Presenting findings and outlining recommended next steps for disclosure readiness
Ready to get started?
Greenbase is a GRI certified software and tools partner.
We license and apply the IFRS® Sustainability Disclosure Standards, SASB® Standards, and SICS in our work.
