ESG + climate disclosure
Mandatory climate-related financial disclosures (AASB S2), NGER, Safeguard Mechanism, modern slavery + sustainability reporting frameworks. Australian Sustainability Reporting Standards phase-in 2025-2030.
23
Obligations
6
Regulators
0
Recent enforcement
Regulators
Obligations (23)
- criticalCWLTHcurrentAASB S2 Scope 3 emissions + assurance phase-in
Group 1 entities must report Scope 3 from year 2 + escalating assurance through to FY30.
- criticalCWLTHupcomingASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026
Group 2 (mid-tier entities) start climate disclosure FY27.
- criticalCWLTHcurrentHold AER authorisation as energy retailer
Selling electricity or gas to small customers requires AER retailer authorisation.
- criticalCWLTHcurrentNGER reporting (Clean Energy Regulator)
Threshold-triggered annual emissions, energy production + consumption reporting.
- criticalCWLTHcurrentSafeguard Mechanism baseline decline 4.9% pa
Australia's 215 largest emitters face declining baselines under Safeguard Mechanism reform.
- highCWLTHupcomingAASB S1 General Sustainability disclosures (likely)
AASB likely to mandate S1 (general sustainability) following S2 climate phasing.
- highCWLTHupcomingASRS Group 3 climate disclosure — FY commencing on/after 1 July 2027
Group 3 (smaller entities) start climate disclosure FY28.
- highCWLTHcurrentAustralian Carbon Credit Units (ACCUs)
ACCUs issued under ERF; tradeable; surrender under Safeguard Mechanism.
- highCWLTHcurrentCDR Energy sector — phased
Energy retailers + distributors must share data via CDR.
- highCWLTHcurrentClimate scenario analysis (AASB S2)
S2 mandates climate scenario analysis at least 1.5°C-aligned + an additional scenario.
- highCWLTHcurrentCommonwealth Procurement-Connected Policy — modern slavery
Federal procurement requires modern slavery risk consideration in supply chain.
- highCWLTHcurrentComply with Safeguard Mechanism baseline (covered facilities)
Facilities >100,000 tCO2-e/year must keep emissions below an annually declining baseline.
- highCWLTHcurrentDetermine NGER reporting thresholds annually
Test corporate group and facility thresholds at end of each FY — if met, register and report under NGER.
- highCWLTHupcomingLodge mandatory climate-related financial disclosures (ASRS S2)
Group 1/2/3 entities must publish ASRS-aligned climate disclosures with their annual financial reports.
- highCWLTHcurrentModern Slavery Statement (Cwlth)
Entities with consolidated revenue ≥$100M must publish a Modern Slavery Statement annually.
- highCWLTHcurrentPublish an annual Modern Slavery Statement
Entities with consolidated revenue ≥$100M must publish an annual Modern Slavery Statement.
- highCWLTHcurrentRegister with AEMO for National Electricity Market participation
Generators + retailers + market participants must register with AEMO and meet NER obligations.
- highCWLTHcurrentReport greenhouse and energy data under NGER
Corporations meeting NGER thresholds must report Scope 1, Scope 2 emissions and energy data by 31 October.
- highCWLTHupcomingScope 3 emissions disclosure (AASB S2 + voluntary)
Scope 3 emissions become mandatory year 2 of ASRS reporting (varies by Group).
- mediumCWLTHcurrentElectric Cars FBT Exemption (Cwlth)
Eligible zero/low-emission cars FBT-exempt under car limits (until 2025 for PHEVs).
- mediumCWLTHcurrentEnergy Bill Relief Fund + state cost-of-living payments compliance
Retailers + suppliers administering federal/state energy bill relief must apply correctly + report.
- mediumCWLTHcurrentGEMS (Greenhouse + Energy Minimum Standards)
Regulated products must meet energy efficiency MEPS + display label.
- mediumNSWcurrentNSW Modern Slavery Act reporting (≥$50M)
NSW entities with ≥$50M revenue may need to comply with NSW MSA (Anti-Slavery Commissioner oversight).