AASB S2
Mandatory Climate Reporting

We offer a range of services to support businesses in understanding and addressing environmental impacts.

AASB S2 is Australia’s new climate reporting standard

From 2025, large companies will need to include climate-related information in their annual financial reports.

This will allow investors, lenders and creditors to understand the potential impacts climate change may have on the business’ revenue and expenses, debt, and future planning.

AASB S2 asks companies to do four key things

  • Understand how climate change may affect their business

  • Act on the risks and opportunities they identify

  • Explain their approach clearly in an annual report

  • Ensure what is reported is accurate and put into practice

We make Mandatory Climate Reporting practical, and easy to understand.
Working alongside your organisation, we tailor our support to your needs -helping you build strong foundations, meet requirements, and grow with confidence.

Do you need to report?

Reporting begins in phases depending on your organisation’s size, and is required if you meet two of the three qualifying criteria.

Group 1

Reporting starts FY26

First report due 30 Sep 2026

If you meet 2 of 3 criteria:

Revenue of $500m+
Consolidated Gross Assets of
$1bn+
Employees of 500+

Group 2

Reporting starts FY27

First report due 30 Sep 2027

If you meet 2 of 3 criteria:

Revenue of $200m+
Consolidated Gross Assets of
$500m+
Employees of 250+

Group 3

Reporting starts FY28

First report due 30 Sep 2028

If you meet 2 of 3 criteria:

Revenue of $50m+
Consolidated Gross Assets of
$25m+
Employees of 100+