Who must comply with ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?

Group 2 entities meeting any threshold.

What triggers ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?

First FY commencing on/after 1 July 2026.

When is ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026 due?

First report alongside FY27 annual financial report.

What is the maximum penalty for ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?

Same penalty regime as ASRS Group 1

What evidence is required for ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?

AASB S2 disclosures; auditor's limited assurance.

Rules Mate

Summary

Group 2 thresholds (revenue ≥$200M, assets ≥$500M, ≥250 employees, or NGER controlling corporation) start AASB S2 sustainability reporting for FYs commencing on/after 1 July 2026. Limited assurance year 1 + Scope 3 from year 2.

Enforced by

Source legislation

corporations act 2001

Topics

climateesgasrs

Related obligations

CWLTHASRS Group 3 climate disclosure — FY commencing on/after 1 July 2027Group 3 (smaller entities) start climate disclosure FY28.
CWLTHAASB S2 Scope 3 emissions + assurance phase-inGroup 1 entities must report Scope 3 from year 2 + escalating assurance through to FY30.
CWLTHNGER reporting (Clean Energy Regulator)Threshold-triggered annual emissions, energy production + consumption reporting.
CWLTHSafeguard Mechanism baseline decline 4.9% paAustralia's 215 largest emitters face declining baselines under Safeguard Mechanism reform.
CWLTHLodge mandatory climate-related financial disclosures (ASRS S2)Group 1/2/3 entities must publish ASRS-aligned climate disclosures with their annual financial reports.
CWLTHAASB S1 General Sustainability disclosures (likely)AASB likely to mandate S1 (general sustainability) following S2 climate phasing.

Frequently asked questions

Who must comply with ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?: Group 2 entities meeting any threshold.
What triggers ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?: First FY commencing on/after 1 July 2026.
When is ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026 due?: First report alongside FY27 annual financial report.
What is the maximum penalty for ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?: Same penalty regime as ASRS Group 1
What evidence is required for ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026?: AASB S2 disclosures; auditor's limited assurance.