Take control of your climate reporting
Now is the perfect time to put in place the systems your business will need to be ready for the new Australian Sustainability Reporting Standards (ASRS) and mandatory climate reporting.
We’ve been helping Australian businesses meet reporting requirements for 15+ years
Is your company required to report on sustainability?
Until recently, sustainability reporting was something companies undertook voluntarily.
Now, many countries, including Australia, have introduced mandatory climate reporting standards.
You might be impacted sooner than you think…
Unsure when your company will be affected?
Download our guide to mandatory climate reporting in Australia.
What is mandatory climate reporting?
Let’s break it down.
In Australia, starting from January 2025, some companies will be required to start disclosing information about climate-related risks and opportunities, as well as their plans and strategies to mitigate these risks and leverage opportunities to reduce their climate impact.
ISSB &
IFRS
The International Sustainability Standards Board (ISSB) is an independent standard-setting organisation within the International Financial Reporting Standards Foundation – a not-for-profit responsible for developing global accounting and sustainability disclosure standards, known as IFRS Standards.
Australian Sustainability Reporting Standards
The Australian Accounting Standards Board (AASB) has developed IFRS-aligned sustainability reporting standards for Australia, broadly referred to as the Australian Sustainability Reporting Standards (ASRS).
Mandatory Climate-Related Financial Disclosures
The ASRS provides the framework for legislation which requires some Australian companies to prepare climate-related financial disclosures. This was officially mandated in 2024 through amendments to the Corporations Act. 2001 (Cth) (Corporations Act) and related legislation.
ISSB & IFRS
The International Sustainability Standards Board (ISSB) is an independent standard-setting organisation within the International Financial Reporting Standards Foundation – a not-for-profit responsible for developing global accounting and sustainability disclosure standards, known as IFRS Standards.
Australian Sustainability Reporting Standards
The Australian Accounting Standards Board (AASB) has developed IFRS-aligned sustainability reporting standards for Australia, broadly referred to as the Australian Sustainability Reporting Standards (ASRS).
Mandatory Climate-Related Financial Disclosures
The ASRS provides the framework for legislation which requires some Australian companies to prepare climate-related financial disclosures. This was officially mandated in 2024 through amendments to the Corporations Act. 2001 (Cth) (Corporations Act) and related legislation.
Legislation Roll-out Timeline
Large entities and their controlled entities must meet at least two of the three criteria to determine their reporting group.
*The start date is dependent on your organisation’s reporting period being calendar or financial year.
It's simply not an option to put this off until after legislation has passed, and then scramble to comply. You have to figure out how you're going to marshal data, support and capabilites and start keeping the necessary records now.
- Joe Longo, ASIC Board Member
The right software to navigate your reporting journey
Communicate the data that matters.
Our carbon accounting software is built from 15+ years of sustainability experience, providing you with easy to use tools to meet mandatory reporting requirements, with accuracy you can depend on.
Emissions Data Management
Seamlessly centralise your data in one platform with direct imports or connections to your accounting software.
Target Setting
Leverage expert tools to set emission reduction targets, helping you secure critical organisational buy-in.
Reporting Dashboards
Track emissions at a glance and generate clever reports compiled in a few clicks to share with your team or leadership.
Emissions Data Management
Seamlessly centralise your data in one platform with direct imports or connections to your accounting software.
Reporting Dashboards
Track emissions at a glance and generate clever reports compiled in a few clicks to share with your team or leadership.
Target Setting
Leverage expert tools to set emission reduction targets, helping you secure critical organisational buy-in.
Mandatory Climate Reporting Resources
Mandatory Climate Reporting – Webinar Recording
Climate Zero and Rewild Agency discuss Mandatory Climate Reporting starting in Australia from 1 January 2025. Watch the webinar recording here.
Mandatory Climate Reporting Guide
Prepare for the transition to mandatory climate disclosure in Australia. We’ve mapped out everything you need to know.
Australian Sustainability Reporting Standards (ASRS) Explained – What you need to know
Australia is currently in the process of establishing the Australian Sustainability Reporting Standards (ASRS). Learn what you will need to communicate under the mandatory climate-related disclosures.
Start preparing to report today. With the right tools, it's easier than you might think.
