Mandatory Climate Reporting
Mandatory climate reporting. Get clarity in just 2 weeks.
Mandatory climate reporting. Get clarity in just 2 weeks.
Preparing your first climate report? We help you understand AASB S2 requirements, identify gaps and get reporting underway — without unnecessary complexity. Book a call now to know where you stand in 2 weeks.
Your first climate report doesn't have to be overwhelming
New reporting obligations can leave you wondering where to start, what information you need and who will do the work. CoolPlanet helps you turn unfamiliar requirements into clear, manageable steps.
Know what applies
Understand your reporting obligations and the relevant AASB S2 requirements.
Find what’s missing
Identify gaps in your data, governance, climate risk assessments and reporting processes.
Get the work done
Get practical support to prepare disclosures and build repeatable reporting processes.
Despite mandatory reporting regulations, we understand that putting sustainability at the top of the business agenda can be challenging, often requiring significant internal lobbying. We're here to support you on that journey, guiding you through how your business can become more sustainable while also using sustainability to your commercial advantage.
Know where you stand in 2 weeks
Start with an ASRS Readiness & Gap Assessment. We review your current position against relevant AASB S2 requirements and identify what needs attention first.
1. Assess
Review your obligations, available information and reporting readiness.
2. Prioritise
Build a practical roadmap with clear actions, owners and timelines — including a longer-term reporting horizon.
3. Implement
Work with our specialists on emissions data, climate risk, governance and disclosure preparation.
Proposed deliverables: readiness heatmap, priority gaps and recommended next steps. The two-week timeframe and exact scope are subject to confirmation.
Having helped over 4,000 clients since we started in 2007, we are experts when it comes to navigating the individual challenges of a high variety of businesses. From simplifying complexity, support with internal buy-in and delivering practical solutions, we help you develop long-term capabilities, turning climate insights into better business decisions.
A new standard in climate reporting
Australia now has legislation in place that requires larger companies to report on the risks and opportunities associated with climate change. The Australian Accounting Standards Board has released the standard AASB S2 Climate-Related Disclosures, which requires an entity to disclose information about climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term.
The Australian Sustainability Reporting Standard AASB S2 is aligned with international IFRS S2 principles, and builds upon the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), incorporating its four core pillars. AASB S2 provides a structured and legally enforceable framework for the disclosure of climate-related risks and opportunities. This standard has been designed to increase transparency, comparability, and consistency in the way businesses report on climate-related matters.
Does mandatory reporting apply to you?
Australia’s climate-related financial reporting requirements are being phased in. Group 1 reporting periods began 1 January 2025; Group 2 began 1 July 2026; Group 3 begins 1 July 2027. Eligibility depends on size and other statutory criteria. We can help you determine which requirements apply.
Group
Employees
Consolidated revenue
Consolidated Gross Assets
Reporting period starts
Group 1
Over 500
$500m
$1b
1 Jan 2025
Group 2
Over 250
$200m
$500m
1 July 2026
Group 3
Over 100
$50m
$25m
1 July 2027
FAQ
What is the difference between ASRS and AASB S2?
ASRS refers to the Australian Sustainability Reporting Standards. AASB S2 is the mandatory climate-related disclosure standard for entities covered by Australia's reporting legislation. AASB S1 addresses broader sustainability-related financial disclosures and is voluntary.
After the assessment has been done, will we get support with the implementation?
We don't stop at recommendations. We help you get the work done. We'll work alongside your team to implement the processes and prepare the information required for climate disclosures.
What about the actual reporting (to the government/leadership team)?
Climate reporting is an ongoing responsibility, not a one-off exercise. We help improve data quality and streamline reporting processes to make subsequent disclosures more efficient and commercially useful. We don't stop at recommendations. We help you get the work done. We'll work alongside your team to implement the processes and prepare the information required for climate disclosures - for the government as well as internal stakeholders.
Can CoolPlanet help if we've already started reporting?
Yes. We can review your existing processes, identify gaps, assist with specific disclosure requirements and strengthen your approach for subsequent reporting periods.
Cool Planet has been a trusted partner on our sustainability journey for over 15 years. Their expertise and guidance have been crucial in maintaining carbon neutrality and achieving significant milestones, including becoming Australia’s first net zero plastics factory. Their support in carbon management and sustainability has been invaluable to our success.
Need to know more?
If you have a business problem and need an environmental lens, or you have an environmental issue, needing a commercial lens, we'd love to hear from you.
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