Are You Ready for Australia’s New Sustainability Reporting Requirements?
Australia’s sustainability reporting landscape is changing — fast.
With the phased introduction of the Australian Sustainability Reporting Standards (AASB S2), climate-related financial disclosures are now a mandatory part of financial reporting for many businesses.
Under these standards businesses must report on how climate-related risks and opportunities could reasonably affect strategy, operations, and financial performance over the short, medium, and long term. This includes disclosures across four key pillars:
- Governance
- Strategy
- Risk management
- Metrics and targets
But it’s not just about ticking a compliance box. Done well, sustainability reporting can give your business a strategic edge, helping you build trust with investors, regulators, customers, and employees.
How to Get Started: Turn Compliance into a Competitive Advantage
Whether your business is preparing for immediate reporting or has time to go, the time to act is now.
Here’s what you should focus on:
- Know your reporting group – Check your thresholds and deadlines
- Understand your obligations – Climate-related financial disclosures must align with the same rigour as your financials
- Build your reporting capability – Establish internal systems, data integrity processes, and governance structures
- Think strategically – Use this opportunity to embed ESG into your core business strategy
Download Your Free AASB S2 Readiness Checklist
To help you get started, we’ve developed a practical AASB S2 Readiness Checklist. It’s designed to help you:
- Assess your current position
- Understand what’s required under AASB S2
- Plan your next steps toward compliance and performance
Support for Every Step of the Journey
At Synectic, we’re already working with businesses across Tasmania and beyond to:
- Preparing for AASB S2 reporting
- Aligning internal systems and governance with future assurance requirements
- Developing ESG strategy that creates long-term value
- Building practical, right-sized sustainability reporting frameworks
Our team includes experienced accountants, carbon specialists, and ESG advisers who understand the challenges businesses face — and how to turn them into opportunities.
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