Supporting Businesses Through Australia’s New Sustainability Reporting Era
With mandatory climate related financial disclosures becoming law, Numera helps organisations align with the Australian Sustainability Reporting Standards and AASB S2 so you can report with clarity and confidence.
Helping Businesses Meet Mandatory Climate Reporting Requirements
From 1 January 2025, many Australian organisations will be required to include sustainability reports in their annual reporting under the new Australian Sustainability Reporting Standards (ASRS). This change is part of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, which amends the Corporations Act 2001.
At Numera, we provide expert support to help businesses prepare for and comply with these mandatory climate related financial disclosures. Our team will guide you through the process so that your reporting is accurate, compliant and aligned with the expectations of regulators and stakeholders.
What Are the Australian Sustainability Reporting Standards?
The Australian Sustainability Reporting Standards are being introduced to create greater transparency and accountability in corporate climate reporting. These standards align with international frameworks and require entities to disclose information about governance, strategy, risks, opportunities and metrics related to climate change.
Organisations that meet specific criteria will need to prepare climate disclosures in line with AASB S2 Climate-related Disclosures and include this information in their annual reports.
Who Needs to Report?
Mandatory climate reporting will apply to entities that meet thresholds for size, revenue or debt. The new requirements are being rolled out in phases, starting in 2025 with large listed entities and significant financial institutions. Over time, the obligations will extend to a broader group of businesses.
If your business is uncertain about whether it falls under the new framework, Numera can provide guidance and help assess your reporting obligations.
How Numera Can Help
Our service is designed to make compliance straightforward. We work with you to:
- Understand the requirements of mandatory climate related financial disclosures
- Interpret and apply the AASB S2 Climate-related Disclosures Standard to your business
- Gather and organise the data needed for sustainability reporting
- Draft clear and compliant disclosures for your annual report
- Ensure alignment with the Australian Sustainability Reporting Standards and relevant governance frameworks
We take the complexity out of sustainability reporting so that your organisation can focus on operations while meeting regulatory expectations.
Why Choose Numera?
As the new Australian Sustainability Reporting Standards roll out, understanding the requirements is likely to be time-consuming for businesses to manage on their own. The team at Numera can offer:
✅ Specialist expertise in corporate reporting and compliance
✅ Tailored solutions that fit your business structure and industry
✅ Proactive support to help you prepare ahead of deadlines
✅ Clear documentation that satisfies regulators and informs stakeholders
With Numera, you can be confident that your sustainability reporting will meet the new legal requirements and demonstrate your commitment to climate accountability.
Frequently Asked Questions
What are the Australian Sustainability Reporting Standards?
The Australian Sustainability Reporting Standards (ASRS) are a new framework introduced by the Australian Government that require certain entities to disclose information on climate-related risks, governance and performance. Developed by the Australian Accounting Standards Board (AASB), the standards are designed to align with international sustainability reporting frameworks and increase transparency for investors and stakeholders.
What is mandatory climate reporting?
Mandatory climate reporting refers to the legal requirement for specific businesses to include climate-related financial disclosures in their annual reports. In Australia, this obligation starts from 1 January 2025 and applies to entities that meet certain size, revenue or debt thresholds.
What is AASB S2?
AASB S2, known as Climate-related Disclosures, is part of the Australian Sustainability Reporting Standards. It outlines what organisations must disclose about governance, strategy, risk management and climate-related metrics and targets. AASB S2 is based on the International Sustainability Standards Board (ISSB) framework.
Who needs to comply with mandatory climate-related financial disclosures?
Mandatory reporting will be phased in from 2025, beginning with large listed entities and financial institutions. Over time, it will expand to include medium and smaller businesses that meet certain thresholds under the Corporations Act 2001.
When do the Australian Sustainability Reporting Standards take effect?
The first phase of reporting begins for financial years starting on or after 1 January 2025. Businesses meeting the criteria will need to prepare and submit sustainability reports as part of their annual reporting obligations.
How can Numera help with sustainability reporting?
Numera helps businesses understand their obligations, collect and organise data, interpret AASB S2 requirements and prepare compliant climate disclosures for their annual reports. Our expertise ensures your reporting is accurate, transparent and meets all Australian Sustainability Reporting Standards.
What happens if my business does not comply?
Failure to meet mandatory climate reporting requirements could lead to regulatory scrutiny, reputational damage and potential non-compliance penalties. Early preparation with professional support from Numera helps reduce these risks and ensures your reports are ready before deadlines.
Get Prepared for Mandatory Climate Reporting
The introduction of the Australian Sustainability Reporting Standards marks a significant change in corporate reporting. Businesses that prepare early will be best positioned to comply and showcase their climate strategies to investors, customers and the wider community.
Want to know more
If you are looking for someone to support you in your businesses pursuits we’d love to hear from you. The first step is to book a meeting with Numera to discuss what this might look like for your organisation.
