Australian Sustainability Reporting Standards (ASRS)
Helping Australian businesses align with international climate-related financial reporting — from gap analysis to audit-ready disclosures.
What is ASRS?
Mandatory Climate-related Financial Reporting Has Arrived
The Australian Sustainability Reporting Standards (ASRS), developed by theAustralian Accounting Standards Board, align with the InternationalSustainability Standards Board’s framework to deliver mandatory climate-related financial reporting for large businesses and financial institutions.
In September 2024, legislation enabling these disclosures was passed, withthe first reporting period starting 1 January 2025. On 31 March 2025, ASICissued final guidance to support compliance.
Compliance Requirements
Who Must Comply with ASRS Reporting Requirements?
Climate-related financial reporting will be mandatory for certain entities that prepare a financial report under Chapter 2M of the Corporations Act 2001 and meet relevant criteria outlined under section 292A of the Act, including:
How We Help
How S&P Global Sustainable1 Supports ASRS Compliance?
We empower organizations on their sustainability reporting journey with robust data insights, specialist analyst support and streamlined workflow tools – beginning with an assessment of your operational structure, sustainability strategy, and climate data
Gap Analysis & Materiality Assessment
Conduct a comprehensive gap analysis against ASRS reporting requirements and identify priority material topics.
Audit-ready GHG Emissions
Quantify & develop Scope 1, 2 & 3 emissions inventories aligned with global standards.
Governance
Enhance sustainability-related governance structures and build the foundation for long-term sustainability.
Climate Risk & Opportunity Analysis
Identify and manage climate-related risks & opportunities to build business resilience.
Transition Planning
Define a clear, forward-looking transition plan with insights into climate strategies and actions.
Report and Disclosures
Prepare report structures aligned with ASRS guidelines, enabling clear communication of sustainability information.
Report Samples & Tools
How can organizations prepare for ASRS Reporting?
Select a component to preview and request a sample deliverable.
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Gap Analysis & Benchmarking
Benchmark current disclosures against ASRS requirements and sector peers
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Materiality Assessment
Assess both financial materiality and impact materiality to prioritise disclosure topics
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Corporate Emissions – Scope 1, 2 & 3
Audit-ready GHG inventory across direct, energy, and value chain emissions
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Portfolio Financed Emissions – Scope 3, Category 15
PCAF-aligned finance emissions across asset classes for investors and asset owners
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Climate Scenario Analysis (Physical and Transition Risk)
Physical and transition risk modelled across multiple warming pathways aligned to AASB S2
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Target Setting & Decarbonization
Establish science-aligned pathways and milestones towards net-zero emissions
Beyond the Basics
Building on these foundations, we also support companies in developing sustainability strategies that ensure regulatory compliance, strengthen investor confidence, and provide a competitive edge through proactive risk management and integration. At the same time, we help organizations establish clear pathways and milestones for achieving net-zero emissions, aligning their metrics and targets with international frameworks and global best practices.
Capacity Building
Upskilling Your Teams
Familiarize and upskill teams on key climate and sustainability reporting concepts to raise awareness and build trust with internal stakeholders, including:
E-learning modules tailored for your company
Sustainability Academy
On-Site or Virtual workshops
Board of Director Training on Sustainability Topics
Internal or External engagement support
