Outreach: Climate-related Financial Information Disclosure

Sustainability Reporting Standards

AASB S1 and S2 are now published on the AASB Portal.  Click here to access the portal.

Outreach and Exposure Draft

Stakeholders were invited to join AASB outreach events across Australia in January and February 2024 on Exposure Draft ED SR1 Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information

REGISTRATIONS NOW CLOSED for the Sustainability outreach events held across Australia. The outreach events were interactive and an opportunity for stakeholders to share their thoughts on the proposals in ED SR1.

In October 2023, the AASB released ED SR1 which proposes climate-related financial disclosure requirements. ED SR1 proposes three Australian Sustainability Reporting Standards (ASRS Standards):

1. [draft] ASRS 1 General Requirements for Disclosure of Climate-related Financial Information, developed using IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information as the baseline but with a scope limitation to climate-related financial disclosure;
2. [draft] ASRS 2 Climate-related Financial Disclosures, developed using IFRS S2 Climate-related Disclosures as the baseline; and
3. [draft] ASRS 101 References in Australian Sustainability Reporting Standards, developed as a service standard that would be updated periodically to list the relevant versions of any non-legislative documents published in Australia and foreign documents that are referenced in ASRS Standards.

ED SR1 was open for comment until Friday, 1 March 2024. Stakeholders could provide feedback on ED SR1 by:

• submitting a comment letter or
• completing an online survey. 

EDUCATION WEBCAST

For background information on original proposals contained in the exposure draft, watch an AASB staff webcast .  This webcast provides an overview of the key proposals in ED SR1 Australian Sustainability Reporting Standards - Disclosure of Climate-related Financial Information as released in October 2023. The presentation slides are available here .  This webcast and presentation slide deck may differ from the requirements in the final standards.

Outreach locations and dates

VIRTUAL OPTIONS

Victoria

ACT

New South Wales

Western Australia

South Australia

Tasmania

Northern Territory

Queensland