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    Australian Climate Disclosure Requirements

    ASRS Compliance Timeline

    Mandatory climate disclosure requirements for Australian companies

    The Australian Sustainability Reporting Standards (ASRS) introduce mandatory climate-related financial disclosures phased in across three groups. Understand when your organisation is captured and how to prepare.

    ASRS Phased Implementation

    Three groups based on company size, which group captures your organisation?

    Now Active
    Group 1

    January 2025

    Thresholds (meet 2 of 3):

    • $500M+ revenue
    • $1B+ assets
    • 500+ employees

    Australia's largest companies must report for FY2025-26

    Affects ~700 entities including ASX 200, major banks, insurers

    Most Mid-Market Companies
    Upcoming
    Group 2

    July 2026

    Thresholds (meet 2 of 3):

    • $200M+ revenue
    • $500M+ assets
    • 250+ employees

    Large companies must report for FY2026-27

    Affects ~2,800 entities including mid-market leaders

    Future
    Group 3

    July 2027

    Thresholds (meet 2 of 3):

    • $50M+ revenue
    • $25M+ assets
    • 100+ employees

    Medium-large companies must report for FY2027-28

    Affects ~10,000+ entities across Australian economy

    Non-Compliance Penalties

    ASRS disclosures fall under the Corporations Act. Directors face personal civil liability for false or misleading statements.

    $1.565M

    Maximum individual penalty

    $15.65M

    Maximum corporate penalty (or 10% turnover, capped at $782.5M)

    ASRS Preparation Roadmap

    A phased approach to ASRS compliance, start 12-18 months before your deadline

    12-18 months before
    Foundation Phase
    • Establish ESG governance framework
    • Complete materiality assessment
    • Begin emissions baseline measurement
    • Assess data systems and gaps
    • Engage Fractional CSO or internal leadership
    6-12 months before
    Development Phase
    • Complete Scope 1, 2, and material Scope 3 baseline
    • Conduct climate risk and opportunity assessment
    • Develop climate scenario analysis
    • Build disclosure documentation
    • Prepare board reporting frameworks
    3-6 months before
    Readiness Phase
    • Finalise disclosure content
    • Complete internal review and sign-off
    • Prepare for assurance requirements
    • Train executives on disclosure content
    • Conduct mock board and audit committee reviews
    0-3 months before
    Compliance Phase
    • Final disclosure preparation
    • External assurance engagement
    • Board approval of disclosures
    • Integration with annual report
    • Publish compliant ASRS disclosures

    Don't Wait Until It's Too Late

    Companies that start ASRS preparation early gain significant advantages:

    • Time to build robust data systems and controls
    • Opportunity to identify cost savings and operational improvements
    • Competitive advantage through early disclosure leadership
    • Reduced stress and better quality disclosures

    Get ASRS Support

    Our Fractional CSO services help mid-market companies navigate ASRS compliance, from initial gap assessment to board-ready disclosures.

    Book a Strategy SessionView ASRS Case Study

    When Is Your ASRS Deadline?

    Book a free 30-minute strategy session to understand your ASRS obligations and develop a compliance roadmap.

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