Climate Reporting Compliance for Australian Enterprises
Navigate the ASRS and AASB S2 requirements with confidence
15+
Markets
1,000+
Integrations
CSIRO
Backed AI
$473B+
Data Analysed
Regulatory requirements
Australian Sustainability Reporting Standards (ASRS)
Australia has introduced mandatory climate-related financial disclosures through the ASRS framework, aligned with ISSB standards. The AASB S2 standard requires entities to disclose climate-related risks and opportunities, with a phased rollout beginning with large entities in 2025.
Who must report
Group 1 entities (large listed and financial institutions meeting two of: 500+ employees, $1B+ consolidated gross assets, $500M+ consolidated revenue) from 1 January 2025. Group 2 from 1 July 2026. Group 3 from 1 July 2027.
Penalties
Civil penalties for non-compliance under the Corporations Act, including fines up to AUD 1.11 million for individuals and AUD 11.1 million for corporations. Modified liability for Scope 3 emissions in initial reporting years.
Frameworks
Key compliance deadlines
Treasury Laws Amendment passed
Parliament enacted the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, establishing the legal basis for mandatory climate reporting.
AASB S2 finalised
The Australian Accounting Standards Board finalised AASB S2 Climate-related Disclosures, setting out detailed requirements aligned with ISSB S2.
Group 1 reporting begins
Largest entities begin mandatory climate-related financial disclosures for financial years starting on or after 1 January 2025.
Group 2 reporting begins
Medium-sized entities meeting two of: 250+ employees, $500M+ gross assets, or $200M+ revenue begin mandatory reporting.
Group 3 reporting begins
Remaining large proprietary companies and other entities meeting lower thresholds come into scope.
How Avarni helps you comply
Enterprise-grade carbon accounting software designed for complex organisations and strict regulatory requirements.
Scope 1, 2 & 3 Emissions
Comprehensive emissions calculation across your entire value chain, with AI-driven factor selection.
Framework Reporting
Generate reports aligned to TCFD, ISSB, CSRD, ESRS, and local regulatory frameworks.
Audit-Ready Outputs
Produce assurance-grade reports that satisfy auditor requirements and regulatory scrutiny.
1,000+ Integrations
Connect with your existing ERP, accounting, and procurement systems including Oracle, SAP, and Workday.
AI-Powered Analysis
CSIRO-backed AI engine automatically categorises and calculates emissions from complex datasets.
Real-Time Dashboard
Track your progress with live emissions data, compliance status, and supplier mapping.
Our Australia presence
Office Address
Level 18, 101 Collins Street, Melbourne VIC 3000
Phone
(03) 9028 4100
Our Australia Team
Our Australian team combines deep expertise in ASRS and AASB standards with practical experience helping ASX-listed companies and large proprietary entities prepare for mandatory climate disclosures.
“Avarni helped us map our entire Scope 3 value chain in under eight weeks. Their platform made what felt like an impossible reporting deadline entirely manageable.”
Sarah Mitchell
Head of Sustainability, Horizon Mining Group
Get compliant before January 2025
Don't wait until the last minute. Start your Australia compliance journey today.
Or call us to speak with a Australia compliance specialist