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AUSTRALIAN MANDATORY CLIMATE DISCLOSURE LAW
Free ASRS Readiness Assessment
The ASRS Readiness Assessment provides Australian companies with a quick and simple way to understand the voluntary and mandatory disclosure requirements of the ASRS and determine reporting preparedness.
Through a structured 10-minute survey you’ll address the majority of AASB S1 general and AASB S2 climate disclosure requirements. Questions are scored and weighted to provide you with a Readiness Score and Report.
ASRS
The Australian Sustainability Reporting Standards
As of August 2024, the Australian Senate passed legislation mandating climate-related financial disclosures. Over 6,000 entities are expected to report on climate by 2030.
Voluntary Reporting
AASB S1 - General Requirements for Sustainability-Related Financial Information
This standard requires entities to disclose all information about sustainability-related risks and opportunities that could reasonably be expected to affect a company’s prospects.
Mandatory Reporting
AASB S2 - Climate-Related Disclosures
This standard requires entities to disclose how they identify, assess, and manage climate-related risks and opportunities, including their strategies, scenario analyses, and climate-related targets, as well as relevant metrics such as greenhouse gas emissions and industry-specific measures.
How to Prepare for ASRS
Stay Informed
Familiarize yourself with both ASRS S1 and S2 to ensure that all relevant aspects of sustainability reporting are covered
Engage with Stakeholders
Proactively engaging stakeholders with materiality assessments can enhance relevance and effectiveness.
Data Collection & Reporting
Implement systems to gather and manage data related to ESG metrics and IROs. Proactively follow the guidelines of S1 and S2 to prepare a comprehensive report.
Watch On-Demand: Virtual Launch of the ASRS Readiness Assessment
Watch sustainability experts Ilona Marchetta and Dr. Tim Siegenbeek van Heukelom in Socialsuite's virtual launch of the ASRS Readiness Assessment. It provides Australian companies with a quick and simple way to understand the climate-related financial disclosure requirements of the ASRS and determine their reporting preparedness.
Watch Now
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