Get Ahead of Australia's New Climate Reporting Requirements
Navigate mandatory climate reporting for Groups 1, 2, and 3 businesses. This comprehensive guide simplifies requirements under ASRS and international frameworks like IFRS S2 and IFRS S1.
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Bridge the Readiness Gap
Most businesses do not have the readiness level needed to reach sustainability reporting compliance. This guide provides the strategic framework and practical steps to achieve compliance confidence.
Coverage across all reporting entities
Comprehensive reporting framework
No hidden costs or obligations
What's Included
Key Reporting Obligations
Complete breakdown of mandatory requirements under new Australian legislation and how they apply to your business group.
Framework Alignment Strategies
Step-by-step guidance on aligning with ASRS, IFRS S1, IFRS S2, and international standards for seamless compliance.
Emissions Measurement Steps
Practical methodology for measuring Scope 1, 2, and 3 emissions with calculation examples and data collection templates.
Disclosure Best Practices
Proven approaches to sustainability report preparation across governance, strategy, risk management, and metrics pillars.
Penalty Avoidance Checklist
Compliance verification checklist ensuring you meet all requirements to avoid penalties and protect reputation.
Leadership Positioning Framework
Strategic guidance on positioning your business as a sustainability leader beyond mere compliance.
Why Download This Resource
Regulatory Confidence
Understand exactly what's required under ASRS and avoid costly compliance mistakes or reporting gaps.
Strategic Framework
Move beyond tick-box compliance to build sustainability reporting as foundational business strategy.
Time Savings
Avoid months of research and interpretation with clear, actionable guidance distilled from regulatory frameworks.
Stakeholder Trust
Build investor and customer confidence through transparent, robust climate disclosure practices.
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"Reporting is the process, and sustainability is the outcome. This guide helped us see the bigger picture."
Sustainability Director
Head of Sustainability, ASX 200 Enterprise
Authors
Afonso Firmo
Co-founder, NetNada
Francesca Castro
Marketing and Research Lead
Understanding Australia’s Mandatory Climate Reporting Landscape
Australia’s shift from voluntary to mandatory climate reporting represents a fundamental transformation in corporate disclosure requirements. Groups 1, 2, and 3 entities now face comprehensive obligations under the Australian Sustainability Reporting Standards (ASRS), aligned with international frameworks IFRS S1 and IFRS S2.
This change affects thousands of Australian businesses, from large ASX-listed enterprises (Group 1) to smaller entities that will phase in over coming years (Groups 2 and 3). The requirements extend beyond simple emissions reporting to encompass governance, strategy, risk management, and metrics across your entire value chain.
The Four Pillars of Climate Disclosure
1. Governance
Disclose your board and management oversight of climate-related risks and opportunities. This includes:
- Board composition and climate expertise
- Management responsibilities and reporting lines
- Integration into governance processes
- Oversight of climate strategy and targets
2. Strategy
Describe climate-related risks and opportunities affecting your business model and value chain:
- Physical risks (acute and chronic climate hazards)
- Transition risks (policy, technology, market changes)
- Climate opportunities (resource efficiency, new markets)
- Financial impacts on assets, liabilities, revenue, expenses
- Resilience under different climate scenarios
3. Risk Management
Explain how you identify, assess, and manage climate risks:
- Risk identification processes
- Assessment and prioritization methodology
- Integration with enterprise risk management
- Risk mitigation and adaptation strategies
4. Metrics and Targets
Report your climate metrics and progress toward targets:
- Scope 1, 2, and 3 greenhouse gas emissions
- Climate-related metrics aligned with your strategy
- Targets for managing climate risks and opportunities
- Progress against targets with explanations
Why This Guide Matters Now
The compliance timeline is aggressive. Group 1 entities (larger listed companies and financial institutions) began reporting for financial years starting January 1, 2025. Groups 2 and 3 will follow in subsequent years.
Businesses without preparation face:
- Compliance penalties for inadequate or late disclosures
- Reputational damage from poor climate transparency
- Investor pressure for robust climate governance
- Supply chain requirements from customers demanding emissions data
This guide provides the practical framework to navigate these requirements with confidence, positioning sustainability reporting as strategic advantage rather than compliance burden.
Frequently Asked Questions
This guide is designed for enterprise executives, sustainability professionals, ESG consultants, and auditors working with Group 1, 2, or 3 entities subject to Australia's mandatory climate reporting requirements under ASRS.
Yes, absolutely! We're sharing free knowledge to help Australian businesses navigate mandatory climate reporting. No hidden costs or obligations.
The guide covers Australian Sustainability Reporting Standards (ASRS) with alignment to IFRS S1 (General Requirements) and IFRS S2 (Climate-related Disclosures), as well as connections to GRI, TCFD, and CDP.
We've distilled complex regulatory frameworks into practical, actionable guidance with step-by-step processes, examples, and templates. Instead of interpreting hundreds of pages of standards, get clear direction in one comprehensive resource.