AASB S2 first climate disclosures for Group 1 — FY26
critical priorityannuallarge, listed
Due
31 August 2026
3 days ago — see source for next instance
What to file
First mandatory AASB S2 climate disclosures within annual financial report for years ending 30 June 2026.
Who is affected
Group 1 reporting entities — large entities meeting two of three thresholds (≥500 FTE / ≥$1B consolidated revenue / ≥$500M EOFY assets) and NGER large emitters.
Penalty if missed
Director liability under Corporations Act s 296A for non-compliant sustainability reports; ASIC enforcement and shareholder class-action risk.
Applies to
Group 1 entities (large + NGER reporters)
Prep checklist
- Confirm Group 1 classification
- Set up climate-related governance and oversight
- Conduct climate scenario analysis (at least 1.5°C and ≥2.5°C scenarios)
- Quantify and assure Scope 1, Scope 2 (and Scope 3 from year 2) emissions
- Disclose within Sustainability Report in annual financial report by 31 August (4 months after FY end)
On Rules Mate