AASB S2
Mandatory Climate Reporting
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
Ultimately this is all about building the confidence and capability for your business to navigate a climate-disrupted world.
It’s not just about reporting - it’s about coming into alignment with the limitations of the planet.
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 FY25
First report due 30 Sep 2026
If you meet 2 of 3 criteria:
Revenue of $500m +
Assets of $1bn +
Employees of 500 +
Group 2
Reporting starts FY26
First report due 30 Sep 2027
If you meet 2 of 3 criteria:
Revenue of $200m +
Assets of $500m +
Employees of 250 +
Group 3
Reporting starts FY27
First report due 30 Sep 2028
If you meet 2 of 3 criteria:
Revenue of $50m +
Assets of $25m +
Employees of 100 +
Be ready when reporting time hits
We help you set up the systems, governance, and targets needed to weave climate risk into your business strategy.
By the time reporting season arrives, here’s where you’ll be:
Clarity on climate risks & opportunities
You understand which climate factors matter most for your business and why
Strong governance foundations
Roles, oversight, and reporting lines are clearly defined and embedded
Credible, risk-informed strategy
Strategic decisions are grounded in your actual climate risks and opportunities
Emissions data & realistic targets
You’ve measured your footprint and set achievable, defensible goals
Partner with Earthed
for AASB S2 reporting
We’re a Byron Bay-based sustainability consultancy supporting Australian businesses to align their businesses with our planet’s capabilities.
We simplify the process, make it practical and engaging, and tailor our support to your organisation’s needs. Through a collaborative approach, we help you build strong foundations, meet requirements, and create a pathway that supports long-term success.
How we support our clients
If you’re new to all of this, AASB S2 can feel like a lot.
We’re with you every step of the way - breaking down complexity into clear and manageable actions, building your team’ climate knowledge, and tailoring solutions to your unique requirements.
Here’s how we work with you:
Clarity on climate risks & opportunities
We help you achieve results that align with your unique goals, culture, and operating environment.
Guiding the way
We help you navigate complex requirements and unfamiliar territory, translating technical detail into clear, actionable steps.
Building Capability
We equip your team with the knowledge, tools, and confidence to take ownership, so you’re not dependent on us forever.
Ongoing Support
As your skills grow, we transition from leading to coaching. We are always available to advise, problem-solve, and elevate your efforts.
