ASIC AASB S2 first-cycle climate disclosures 2025
In plain English
ASIC reviewed the first-cycle climate disclosures for 2025, assessing compliance with Australian Accounting Standards.
ASIC conducted a review of climate disclosures. This review covered the first cycle of reporting under Australian Accounting Standards. The review assessed how companies reported climate-related risks and opportunities. The decision date for this review was 30 September 2025. No respondent details are available in the source.
Why it matters
This review highlights the importance of accurate climate disclosures. Businesses need to ensure their reporting aligns with accounting standards. Compliance officers should understand these requirements to guide their organisations.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Facts
First AASB S2 climate disclosures by Group 1 entities for years ending 30 June 2025; ASIC + AASB review for compliance.
Outcome
Compliance review; remediation programs for inadequate disclosures + greenwashing follow-up.
Read the source
https://www.asic.gov.auRules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.