Australian businesses are facing increasing expectations to disclose their climate-related risks and opportunities. In response to this shift, the Australian Accounting Standards Board (AASB) has issued a new mandatory standard—AASB S2, which is crucial for the transparency and consistency of Australian securities regulations.
The AASB S2 standard aims to align local reporting with global frameworks while addressing Australia’s specific regulatory and legal context. Below, we outline it’s key objectives, coverage, timeline for implementation and more.
