[free] Climate Risk Template | Business and enterprise reporting

Climate risk template for businesses and enterprises

The shift from voluntary to mandatory reporting marks a turning point in Australia’s climate disclosure.

Build your enterprise risk management framework (EMS) to identify your physical and transitional risks and opportunities.
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✅Identify key physical and transition risks relevant to Australian businesses.
✅ Map potential financial impacts across your operations and value chain.
✅ Align your disclosures with the latest AASB S2.
✅ Build your enterprise risk management framework

It’s not just about compliance, it’s about risk.

Frequently asked questions (FAQs)

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What is the purpose of the Australian Sustainability Reporting Standards (AASB S1 and AASB S2), and who issues them?

The Australian Sustainability Reporting Standards aim to provide a framework for entities to disclose information about their sustainability-related risks and opportunities, enabling primary users of general purpose financial reports to make informed decisions regarding resource allocation to the entity. These standards are issued by the Australian Accounting Standards Board (AASB), an Australian Government entity. It's important to note that these standards have not been prepared or endorsed by the International Sustainability Standards Board (ISSB).

What specific climate-related information does AASB S2 mandate for disclosure?

AASB S2 requires entities to disclose information on governance processes related to climate-related risks and opportunities, how climate-related risks and opportunities affect the entity's strategy and decision-making (including scenario analysis), the entity's risk management processes for climate-related issues, and specific metrics and targets. This includes disclosing absolute gross greenhouse gas emissions (Scope 1, Scope 2, and Scope 3), climate-related targets (including greenhouse gas emission targets), and performance against those targets.

What is the scope of AASB S2 Climate-related Disclosures, and is it mandatory?

AASB S2 specifically focuses on climate-related financial disclosures. Unlike AASB S1, AASB S2 is a mandatory standard for certain entities as mandated by the Corporations Act 2001. This means that entities within the scope of this legislation are required to comply with the disclosure requirements outlined in AASB S2.

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Climate risk template for businesses and enterprises

Build your climate enterprise risk management framework

This risk template is for professionals who want to better understand and report on climate risk

Compliance is easy. Setting the right ambition level you’re comfortable delivering on and being transparent about is what’s hard.

What's included in the climate risk template for businesses?

Frequently asked questions (FAQs)

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