AASB S2 first climate disclosures for Group 1 — FY26
critical priorityannuallarge, listed
Due
31 August 2026
87 days from today
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