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Australia
Mandatory from 2025Australian Sustainability Reporting Standard
Australia's Sustainability Reporting Standards (ASRS) introduce mandatory climate-related financial disclosures under AASB S2, adapted from IFRS S2. These require companies to disclose governance, strategy, risk management, and metrics on climate risks and opportunities. The regime prioritises quantitative reporting and phased assurance, positioning Australia at the forefront of global climate disclosure.
Key Requirements
- •Governance, strategy, and risk management disclosures aligned with IFRS S2
- •Transition and physical climate risk disclosures across short-, medium-, and long-term horizons
- •GHG emissions reporting (Scopes 1, 2, and 3) aligned with the GHG Protocol; financed emissions for financial institutions
- •Scenario analysis against at least two pathways: one 1.5°C-aligned, one ≥2.5°C
- •Climate-related metrics: proportion of assets exposed to transition, physical risks, and opportunities
- •Targets, base year, and progress tracking on emissions reductions and adaptation
- •Disclosure of CapEx alignment and use of internal carbon pricing where applied
- •Integration of financial impacts on performance, cash flows, and asset values
Implementation Timeline
FY2025: Group 1 entities (largest listed and regulated entities)
FY2026: Group 2 entities
FY2027: Group 3 entities
Report Timing
Annual, aligned to the fiscal year; sustainability disclosures are included with financial reports.
Compliance Status
Mandatory from 2025Track your progress towards meeting the requirements and deadlines for this regulation.